Bharti Retail

Future Retail looks to expand neighbourhood stores

Future Retail operates 538 Easy Day and Heritage Fresh neighbourhood stores, at present. In an investor's update, the company said that it is looking at operating 4,000 such stores in 3-5 years.

Future Retail Q1 net profit at Rs 70.55 crore

Future Retail, erstwhile Bharti Retail, today reported a standalone net profit of Rs 70.55 crore for the quarter ended on June 30.

Future Retail lists at Rs 153.40, locked at 5% upper circuit

Future Retail, the flagship company of Future Group, operates multiple retail formats in the hypermarket, supermarket and home segments through Big Bazzar, Easy Day, KB's, FBB, Food Bazzar, Foodhall, Home Town and ezone.

Future Enterprises to list on Wednesday

Future Retail, re-named as Future Enterprises Limited, will be listed tomorrow excluding its front-end business. Here, every shareholder of Future Retail will get 1 share of Bharti Retail.

Future Retail names Kishore Biyani as vice-chairman

Future Retail today said its independent director V K Chopra has been appointed chairman and non-executive director Kishore Biyani vice-chairman of the company.

Targeting Rs 1000 cr sales for HomeTown in FY17: Kishore Biyani

Future Group completed its buyout of furniture marketplace FabFurnish last month. This deal will give the group velocity of sale and help it reach more geographic loctions, says Kishore Biyani, Founder, Future Group.

Kishore Biyani appointed as MD of Bharti Retail

Future Group's Chief Executive Kishore Biyani has been appointed managing director of Bharti Retail as part of the reconstitution of the board following their merger pact announced last year.

Future Consumer to buy consumer biz of Grasim Ind

Sources say this deal is valued at Rs 10 crore and will help Future Consumer diversify into new business niches.

Kishore Biyani faces tough fight as e-retail biz heats up

It is difficult to predict where competition will take Indian retail, but clearly the delayed entry of Wal-Mart has allowed new retail ideas to flourish. It has benefited online retailers and sidelined the brick-and-mortar retailers.

Offline retail cos much better placed than online cos: Pro

According to Harminder Sahni of Wazir Advisors, splitting of front and back-end verticals will be a unique model and will help in creating a cleaner organisational structure.

Eye Rs 1200cr working cap debt, light balance sheet: Biyani

Future Retail has gone ahead and reworked its retail business, merging it with rival, Bharti Retail. The operations of both the companies will be realigned with the retail arm being transferred to Bharti Retail and the infrastructure arm of both the companies will now be brought under Future Retail.

Future-Bharti Retail merger: Win-win situation for retail?

Just a day after the Aditya Birla Group announced its plans of merging Pantaloons Retail and Mudra Garments into a one single entity, Future retail has gone ahead and acquired Bharti Retail from the Mittal brothers.

Short covering lifts Nifty above 8300, Sensex zooms 479 pts

There were big moves in retail sector. Kishore Biyani's Future Group bought Bharti's retail operations for Rs 500 crore in all stock deal. The merger will result in amalgamation of 570 retail stores across 243 cities. Future Retail surged 12 percent.

Future Retail: Scale critical for retail biz, says TRRAIN

BS Nagesh, founder, TRRAIN believes the realignment of retail business will be very good for both the businesses considering scale has become critical for retail.

Future-Bharti Retail to be merged; stock soars 18%

After the demerger, business will be operated through two distinct entities. Post completion of the demerger, the first entity, to be known as Future Retail Limited will host the retail operations of both the entities. The second entity, to be known as Future Enterprises Limited will host infrastructure, investments and assets.

Bharti Retail has robust expansion for next 3-yrs: CEO

Is hoping to turn the fortunes around by trimming costs and sticking to its expansion strategy, says Bharti Retail's CEO, Craig Wimsatt.

Three big Indian retailers post Rs 1,200 cr loss in 2011

Domestic retail chain majors -- Reliance Fresh, Bharti Retail and Aditya Birla Retail â€“ have incurred a total loss of nearly Rs 1,200 crore in 2011 financial year, Parliament was told today.

FDI norms violation; DIPP to probe Walmart-Bharti deal

New Delhi: The Prime Minister's Office (PMO) on Thursday ordered a probe into the deal struck between US retail giant Walmart and Indian retail major Bharti after allegations of norms violation by Communist Party of India (CPI) Rajya Sabha MP from Kerala, MP Achuthan.

Bharti opens new retail setup; Reliance brings hypermart

Bharti Retail today launched a new format called Easyday Hyper, thus making its entry into Western region, while Reliance Retail opened its first hypermarket under the RelianceMart brand in the city.

Bharti Retail JV to boost profit by 15%: Shree Ganesh Jewel

Shree Ganesh Jewellery has tied up Bharti Retail in a bid to have a shop-in-shop alliance. Nilesh Parikh, chairman of Shree Ganesh Jewellery, tells CNBC-TV18 that alliance with Bharti Retail has been an encouraging event for the company and it may come out with 23-30 new stores this year in a shop-in-shop format.