Top Story

e4m_logo.png

Home >> Marketing >> Article

Kishore Biyani steps down as MD of Future Retail

03-May-2016
Font Size   16
Share
Kishore Biyani steps down as MD of Future Retail

Future group Chairman Kishore Biyani has resigned as Managing Director of Future Retail Ltd in view  of the realignment of the group’s business.

It must be mentioned that in May 2015, Future group agreed to merge its retail business with rival Bharti Retail in an all-stock deal worth Rs 750 crore to create one of the biggest supermarket chains with a turnover of Rs 15,000 crore. 

As per the deal, both the companies had proposed a demerger of the retail business of Future Retail to Bharti Retail and separation of the infrastructure business of Bharti Retail into Future Retail. 

However, Biyani would continue to hold office as non executive director of Future Retail Ltd.
 

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Viacom 18 promises to announce new release date soon

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship