Future Retail
Indian court agrees to send Future Retail into bankruptcy in another setback for Amazon
An Indian court on Wednesday ordered the initiation of insolvency process against Amazon’s estranged partner Future Retail in yet another setback for the American e-commerce group in the key overseas…
Amazon accuses estranged Indian partner Future and Reliance of fraud in newspaper ads
Amazon’s two-year effort to halt a $3.4 billion deal between its estranged partner Future Group and Reliance Retail took a new turn on Tuesday as tens of millions of Indians…
Future Retail, Amazon’s estranged partner in India, scales down operations
Future Retail, India’s second largest retail chain, is scaling down its operations to reduce losses, it said, the latest casualty in its years-long battle with estranged partner Amazon. The firm,…
India antitrust watchdog suspends Amazon’s 2019 deal with Future, imposes fine
An Indian antitrust watchdog has revoked the approval it had granted for Amazon’s 2019 investment in a Future Group unit and imposed a fine of about $26.3 million to the…
India’s Supreme Court rules in favor of Amazon to stall $3.4B Future and Reliance deal
India’s apex court on Friday ruled in favor of Amazon to stall the sale of Future Group to Reliance Industries in a major victory for the American e-commerce giant in…
Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon
Indian stock exchanges on Wednesday approved the $3.4 billion deal between retail giants Reliance Retail and Future Group in yet another setback for Amazon, which has invested more than $6.5…
