#futuregroup

Reliance Industries has backed out of its deal with Future Group and therefore, lenders are now initiating bankruptcy proceedings against Future Retail. Reliance’s retail business hasn’t 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.

https://hydnews24.com/business/reliance-industries-and-us-giant-amazon-have-been-vying-to-get-the-upper-hand/

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Future Group का कहना है कि Amazon ने RIL सौदे के मुआवजे के रूप में $ 40 मिलियन मांगे थे, Amazon ने इसे झूठा और भ्रामक बताया। #futuregroup #futureretail #futuregoals #futureretaillab #futuretechnology #amazonvsfutureretail #businessnews #businessnewsdaily #businessnewsintamil #businessnewsupdates #businessnewspaper #businessopportunity #businessmind #businessleader #businessstartups #businesstraveller #businessgoals #businessquote #businessmotivation #startupnews #startupindia #mayovi #startupnews #hindinews (at India) https://www.instagram.com/p/CLXDjffHIhX/?igshid=1nw26snmilg4a