Kishore Biyani-led Future Group firm Future Enterprises Ltd has announced the appointment of C P Toshniwal as an Additional Director of the company, according to PTI report. The board of the company in a meeting approved Toshniwal’s appointment, according to a regulatory filing. Toshniwal, a qualified chartered accountant and company secretary, had joined Future Group…
Future Group, the Kishore Biyani-led company, has decided to scale down its e-commerce venture Retail 3.0. In a bid to restructure its e-commerce business, the company has laid off about 400 people. According to a report by LiveMint, the layoffs are from roles in sales, product development, marketing, and ground operations. The company had recently…
World’s leading investment firm, Blackstone and India’s largest integrated fashion company, Future Lifestyle Fashions Limited (FLFL) have announced that funds managed by Blackstone have invested ₹1,750cr in Ryka Commercial Ventures Pvt Ltd, the holding company of FLFL, and FLFL. With this transaction, Blackstone will be the only financial partner in Ryka. As a part of…
Amazon, the global e commerce giant, has made fresh investments of about ₹4500 Cr., into its Indian subsidiaries. These investments are directed at Amazon Seller Services, Amazon Pay and Amazon Retail. Amazon Seller Services, Amazon Pay (India) and Amazon Retail India has received ₹3,400 crore, ₹900 crore, ₹172.50 crore respectively from Amazon. Amazon competes with…