Future Consumer Enterprise Ltd, a part of Kishore Biyani-led Future Group, today reported a consolidated net loss of Rs 25.82 crore for the fourth quarter ended on March 31, 2016
The company in a filing to the BSE said that its board has approved raising "USD 45 million (about Rs 301.5 crore)" through preferential issue of equity-linked securities to Black River Food 2 Pte Ltd.
According to Future Group CEO, Kishore Biyani acquisition of Nilgir Dairy Farm would result in multiple synergies in terms of cold chain logistics business, and synergies in terms of own brand distribution which can be sold through this network.
Kishore Biyani's two daughters Ashni and Avni too have followed their father's footsteps and are genNext entrepreneurs of repute lording over the company's food and fashion verticals. They like the digital space and are burning the midnight oil observing consumer behaviour in this space.
Kishore Biyani's Future Group is all set to take a big bite in the food retailing space. The company is all-set to acquire Delhi-based conveneince store chain, Big Apple, to bolster its position in the Delhi-NCR region, reports Farah Bookwala of CNBC-TV18.
A record 50 million tourists will have visited New York City by the end of 2011, Mayor Michael Bloomberg announced on Tuesday, up about 1.5 million from last year despite a slowing global economy.
Express Retail Services Ltd that operates the 'Big Apple' chain of food and grocery stores in Delhi and NCR, today said it has forayed into home delivery format under 'Day2Day' brand.
New York would welcome Barclays Plc if the bank decided to move its headquarters from Britain, the city's mayor said, in comments that suggested that the Big Apple might be courting the bank.