Bharti Retail news and archive

Post merger, Kishore Biyani is MD Bharti Retail

A day after Kishore and Rakesh Biyani stepped down as managing director and joint managing director Future Retail, the company announced the reconstitution and demerger details of the boards of Bharti Retail and Future Retail. This was part of Future Group’s acquisition of the retail business of Bharti Retail in May last year. The new board of...

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CCI approves Future Group-Bharti Retail merger deal

Competition Commission of India (CCI) has cleared the proposed Rs 750 crores multi-tier merger deal between Future Group and Bharti Retail, announced in May this year. Future Group promoters would hold 46-47 percent stake each of the two new entities and the rest would be with public shareholders. Under the all-stock deal, Future Retail would...

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Consolidation, the way forward for India’s retail

The big merger of Future Group and Bharti Retail has happened at a time when physical retailers are suffering because of growing competition from ecommerce leaders like Flipkart, Snapdeal and Amazon. Also rising number of consumers is now turning to online shopping because of the variety, convenience and discounts offered by these platforms....

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Future Group, Bharti Retail merger, birth of an Indian retail giant

As speculated earlier, Kishore Biyani-led Future Group’s arm Future Retail that operates Big Bazaar is all set to merge its operations with Bharti Retail under Bharti Enterprises stable that runs 'Easyday' supermarkets and convenience stores. The deal will lead to the creation of India’s largest retail chain having 570 stores in 243 cities. As...

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Bharti Retail officially appoints Craig Wimsatt as COO

Deciding to venture into the country’s multi-brand retail segment on its own, afterbreaking ties with American retail giant Walmart, Bharti Enterprises has roped in Craig Wimsatt from Walmart, on board. Now Bharti has announced him as the new Chief Operation Officer (COO) of the company. Wimsatt will report to Chief Executive Raj Jain. The...

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Bharti Retail brings Walmart's Craig Wimsatt on board

Deciding to venture into the country’s multi-brand retail segment on its own, after breaking ties with American retail giant Walmart, Bharti Enterprises has now roped in Walmart’s Craig Wimsatt on board. The move is said to be an attempt to woo global retail giants like Carrefour, who are on the lookout for a potential India partner. The...

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Walmart says its retail business with Bharti ‘not tenable’

Walmart Stores will explore newer opportunities of carrying out its retail plans in India. Talking to media on the sidelines of the APEC conference in Bali, Indonesia, Walmart Asia chief executive Scott Price has said that their retail plans with Indian partner Bharti Enterprises are "not tenable" and both sides are looking for the best way to...

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Walmart contemplates changing India strategy

As reported earlier, Walmart, which is said to be planning to snap ties with Bharti, its current domestic partner, has decided not to convert the 100-million dollars (over Rs 600 crores) loan it had granted to the holding company of Bharti Retail into equity. As per sources, the retail giant has also pulled out a key person, Mitch Slape, a...

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Walmart denies links with Bharti Retail

Walmart has claimed it has no links with Bharti Retail apart from backend technological support. Walmart, the world’s largest retail chain, has referred to the Bharti Retail outlets as “franchised” in its annual report for the financial year ended January 31, 2013, filed with the US markets regulator, the Securities and Exchange Commission....

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Retail biggies rejig operations before stake-sale

Now that the 51 per cent FDI in multi-brand retail has been approved by the Cabinet, India’s top retailers such as, the Future Group, Bharti Retail, Spencer’s Retail, Videocon’s Next Retail and Gitanjali Group are working over splitting their operations before selling stakes to foreign players. Since the decision over whether to let the foreign...

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Bharti Wal-Mart plans 10 stores in '11

Bharti Wal-Mart, a joint venture between Bharti Enterprises and the US-based retail giant Wal-Mart, plans to open around 10 new cash-and-carry retail stores in 2011. The company aims at adding the same number of stores next year also. It’s looking at expansion mostly in Southern and Western parts of the country. It opened its sixth store in...