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India's Future likens Amazon's bid to stall retail deal to 'ruthless' Alexander the Great

Indian stock exchanges this month cleared Future’s deal with Reliance, despite Amazon’s repeated requests to regulators to block the deal.

January 31, 2021 / 10:46 AM IST
Future Group Chairman Kishore Biyani.

Future Group Chairman Kishore Biyani.

Amazon.com Inc’s bid to stall Future Group’s $3.4 billion retail assets sale is similar to Alexander the Great’s “ruthless ambition to scorch the earth”, the Indian group’s CEO Kishore Biyani said in an internal staff memo seen by Reuters.

Amazon, locked in protracted legal disputes with Future, alleges the Indian firm violated contracts by agreeing to sell its retail assets to Reliance Industries last year. Future denies wrongdoing.

The two sides this week traded barbs in a New Delhi court, the latest legal case where Amazon is seeking to block the sale. India’s second-largest retailer says the deal is critical for the survival of its 1,700 stores and thousands of employees.

Dubbing it a corporate battle “for supremacy over Indian customers”, Biyani’s staff e-mail late on Friday said Amazon was “playing the dog in the manger”.