Future Group - Wikipedia
Future Group - Wikipedia
Future Group - Wikipedia
Future Group
Future Group' is an Indian private conglomerate, headquartered in Mumbai.
Future Group
The company is known for having a significant prominence in Indian retail
and fashion sectors, with popular supermarket chains like Big Bazaar and
Food Bazaar, lifestyle stores like Brand Factory, Central etc. and also for
having a notable presence in integrated foods and FMCG manufacturing
sectors. Future Retail (initially Pantaloons Retail India Ltd (PRIL)) and Type Private
Future Lifestyle Fashions, two operating companies of Future Group, are Industry retailing, insurance,
among the top retail companies listed in BSE with respect to assets,[3] and in logistics, media
NSE with respect to market capitalization.[4] Founder Kishore Biyani
(CEO)
On May 2012, Future Group announced 50.1% stake sale of its fashion chain
Headquarters Mumbai,
Pantaloons to Aditya Birla Group in order to reduce its debt of around
Maharashtra, India
80 billion (US$1.2 billion).[5][6] To do so, Pantaloons fashion segment was
Products Integrated foods
demerged from Pantaloons Retail India Ltd; the latter was then merged into
and other FMCGs
another subsidiaryFuture Value Retail Ltdand rechristened Future
Services Supermarkets,
Retail Ltd.[7]
hypermarkets,
discount stores,
insurance, logistics,
media
Contents Net income 200.6018 billion
(US$3.1 billion) as
1 Businesses
1.1 of March 2013 [1]
Future Group's operating companies sorted by targeted markets[8] Number of 35,070[2]
1.1.1 Retail employees
1.1.2 Financial Services Divisions Future Retail Ltd.
1.1.3 Other Services (BSE: 523574 (htt
1.2 p://www.bseindia.co
Future Group retail services sorted by operating companies[8] m/stock-share-pric
1.2.1 Future Lifestyle Fashion Ltd
e/x/y/523574/),NSE: FR
1.3 Products brands under Future Group in India[8] (https://www.nseind
2 Fashion and Lifestyle ia.com/live_market/
2.1 Integrated Foods and FMCG dynaContent/live_w
3 Joint Venture Partnerships
atch/get_quote/Get
3.1 Generali Group Quote.jsp?symbol=
3.2 Staples Inc FRL)), Future
3.3 Skechers Lifestyle Fashion
3.4 Celio Ltd., Future
3.5 Clark Consumer
Enterprise Ltd.,
4 References
Future Innoversity
5 External links Ltd., Future Supply
Chains Ltd., Future
Brands Ltd., Future
Businesses Capital Holdings
Ltd.
Future Group is a corporate group and nearly all of its businesses are Website www.futuregroup.in
managed through its various operating companies based on the target (http://www.futuregr
sectors.[8] For e.g., retail supermarket/hypermarket chains Big Bazaar, FBB, oup.in/)www
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Food Bazaar, Food Hall, Hometown etc. are operated by its retail hand, .futurebazaar.com
Future Retail Ltd,[9] while its fashion outlets Brand Factory, Central, Planet (http://www.futureb
Sports etc. are operated via another of its subsidiaries, Future Lifestyle azaar.com/)
Fashions.[10] With these many fashion outlets and supermarket, the group
also promotes respectively, its fashion brands like Indigo Nation, Spalding, Lombard, Bare etc., and FMCGs like Tasty
Treat, Fresh & Pure, Clean Mate, Ektaa, Premium Harvest, Sach etc.[8] It also has operating companies to cater
specifically to internal financial matters and consulting within its group of companies.[11]
On November 21, 2014, Future Consumer Enterprises Ltd. acquired the 98% from Actis Capital and other
promoters. With that, Nilgiris is a fully owned subsidiary of Future Consumer Enterprises Ltd (FCEL).
Retail
Financial Services
Other Services
Future Innoversity
Future Supply Chains
Future Brands
Future Learning
Central
Brand Factory
Planet Sports
I AM in
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Generali Group
Generali is an Italian insurance company, having business in India through a joint venture with Future Group under the
brand name Future Generali Insurance. Future Generali operates in India having through two primary legal entities
namely Generali India Life Insurance Co. Ltd.(Life Insurance) and Generali India Insurance Co. Ltd.(Non-Life
Insurance).[18] Since 2013, Future Generali held talks of a possible merger with Larsen & Toubro Ltd to form a general
insurance company but a year later, on 22 April, Future Group backed out of merger leading to premature closure of the
talks [19]
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Staples Inc
Staples Inc. ,a United States-based office supply retailer, has a presence of over nine cities in India under the joint
venture with Future Group.[20][21] As of April 2013, Future Group has 60% stake in the partnership.[22]
Skechers
Skechers entered India through a JV with Future Group in 2012.
Celio
French fashion Celio entered Indian markets in 2008 through a 50:50 joint venture with Future Group's then Retail
hand, Pantaloons Retails India Ltd (now Future Retail Ltd).[23] On November 2013, Celio hiked its stake in the joint
venture to 65% [24]
Clark
C&J Clark International Ltd. is a UK-based footwear and accessories retailer. The Future Group has entered into a 50:50
joint-venture (JV) to form 'Clarks Future Footwear Ltd'. The JV launched its first (1,600 sq ft.) stand-alone store in
Connaught Place, Delhi on 19 April 2011. The brand seeks to gain a share of the premium segment in this category. [25]
References
1. "Annual Report 2013" (http://www.futuregroup.in/pdf/Futureventure_Annual_Report_FY_2012_13.pdf) (PDF).
Retrieved 2014-07-25.
2. Official Website (http://www.futuregroup.in/about-us/about-group.html)
3. "Top Companies in BSE Retail segment by Total assets" (http://www.moneycontrol.com/stocks/marketinfo/totassets/
bse/retail.html). Moneycontrol.com. Retrieved 2014-07-25.
4. "Top Companies in NSE Retail segment by market cap" (http://www.moneycontrol.com/stocks/marketinfo/marketcap/
nse/retail.html). Moneycontrol.com. Retrieved 2014-07-25.
5. Our Bureau (2012-04-30). "Aditya Birla Novo to take control of Pantaloon's apparel business" (http://www.thehindub
usinessline.com/companies/aditya-birla-novo-to-take-control-of-pantaloons-apparel-business/article3370466.ece).
Thehindubusinessline.com. Retrieved 2014-07-25.
6. Suman Layak (2012-05-27). "Friendly Takeover" (http://businesstoday.intoday.in/story/future-group-aditya-birla-nuvo-
deal/1/24720.html). Business Today. Retrieved 2014-07-25.
7. "Future Value to be merged with Pantaloon Retail to cut operating cost" (http://articles.economictimes.indiatimes.co
m/2012-09-10/news/33737171_1_big-bazaar-pril-kb-s-fair-price). India Times. 2012-09-10. Retrieved 2014-07-25.
8. Future Group Businesses as mentioned in its official website (http://www.futuregroup.in/businesses/retail-finance-ser
vices.html)
9. Future Retail Chains (http://www.futuregroup.in/businesses/hypermarket_supermarket.html)
10. Future Fashion Chains (http://www.futuregroup.in/businesses/lifestyle_fashion.html)
11. BSE (10 Jul 2014). "Future Group Companies" (http://profit.ndtv.com/stock/future-retail-ltd_pantaloonr/reports).
Profit.ndtv.com. Retrieved 2014-07-25.
12. "Future Group to steer Heritages retail business" (http://www.thehindu.com/news/cities/Hyderabad/Future-Group-to-
steer-Heritage%E2%80%99s-retail-business/article16439512.ece). The Hindu. Retrieved 2017-02-26.
13. Reporter, Corporate. "Big Bazaar to invest Rs. 600 crore on expansion" (http://www.thehindu.com/business/Big-Baz
aar-to-invest-Rs.-600-crore-on-expansion/article16258263.ece). The Hindu. Retrieved 2017-02-26.
14. http://www.indigonation.com/
15. https://coverstorynyc.com/
16. http://www.fbbindia.in/buffalo/
17. http://www.urbanyoga.in/
18. Future Generali Website (https://life.futuregenerali.in)
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10/28/2017 Future Group - Wikipedia
19. Shilpy Sinha; Arijit Barman (2014-04-22). "Kishore Biyani to pull out of general insurance merger talks with L&T for
Future Generali" (http://articles.economictimes.indiatimes.com/2014-04-22/news/49318720_1_lt-general-insurance-c
ompany-generali-group-kishore-biyani). Economic Times. Retrieved 2014-07-25.
20. "Future group press release announcing JV with Staples Inc" (http://www.futuregroup.in/news/joint-venture-staples.h
tml). Futuregroup.in. 2007-01-18. Retrieved 2014-07-25.
21. "Staples Future Overview" (http://www.staplesfuture.com/aboutus.asp). Staplesfuture.com. Retrieved 2014-07-25.
22. Sagar Malviya (2013-04-04). "Future Group, CEOs JV buy majority stake in Staples" (http://articles.economictimes.in
diatimes.com/2013-04-04/news/38278585_1_staples-future-office-products-future-group-staples-inc). Economic
Times. Retrieved 2014-07-25.
23. Rasul Bailay (2008-04-17). "Pantaloon in JV with menswear firm Celio" (http://www.livemint.com/Companies/bifI2VR
PdrpboPBNHU3hMJ/Pantaloon-in-JV-with-menswear-firm-Celio.html). Livemint.com. Retrieved 2014-07-25.
24. Raghavendra Kamath (2013-11-25). "Celio hikes stake in Future Group JV to 65%" (http://www.business-standard.c
om/article/companies/celio-hikes-stake-in-future-group-jv-to-65-113112500030_1.html). Business Standard News.
Retrieved 2014-07-25.
25. "Print Article" (http://www.livemint.com/Articles/PrintArticle.aspx?eat=tp&artid=E96C9986-6A65-11E0-A3E0-000B5D
ABF613). livemint. 2011-04-20. Retrieved 2011-06-20.
External links
Official website (http://www.futuregroup.in)
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