Future group gamble explained in this blog. Reliance Industries has backed out of its deal with Future Group. To know more click on the link below
Reliance Industries has backed out of its deal with Future Group and therefore, lenders are now initiating bankruptcy proceedings against Future Retail. RelianceтАЩs retail business hasnтАЩt been able to penetrate big cities owing to real estate concerns, and Future Retail was expected to solve this problem of Reliance as it has stores in prime locations and a loyal clientele. Reliance bid for the Future Group when the latter was on verge of a default, and the merger would have given Reliance access to a successful large format brand.

















