The firm aims at Rs 1 lakh-crore of annual business by 2021, says will continue to grow by 20-30% every year
Says foreign chains need domestic partners like Future Group to make them successful because of the latter's presence in the business for a long time
Joins global investors such as Proterrra, Verlinvest
As the lines between offline and online retail blur, India's retail king is tweaking his strategy to stay ahead of the competition
Biyani has also resigned from the post of Joint Managing Director as well as Director of the company
The Group may pay Rs 15-20 crore for FabFurnish brand, which will be used to sell products from its offline store HomeTown, Mint reports
Offline retailers have reported strong earnings in the Dec-ended quarter, while online retailers continue to bleed. But the business case for e-retail remains strong