Kishore Biyani 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...

People

Kishore Biyani steps down as MD Future Retail

The czar of retail business in India, Future Group’s chairman Kishore Biyani has stepped down as the Managing Director of Future Retail as a part of realignment of the Group’s business. Even Rakesh Biyani, Joint Managing Director and Director of the company, has stepped down. The resignations come in the wake of restructuring to execute the...

Apparel

Biyani turns out to be the most successful investor in 2013

With the intention of getting rid of debt, Future Group sold a majority stake in its fashion retail business Pantaloon to Aditya Birla Nuvo. However, interestingly, group’s head, Kishore Biyani turned out to be the most successful investors in year 2013. His listed investment firm Future Ventures - now known as Future Consumer Enterprise has...

Apparel

Kishore Biyani adds another first with Big Bazaar Direct

Future Group is experimenting with a new format of business with the launch of Big Bazaar Direct, a direct selling platform for which it will use a tablet based e-commerce backend. This platform will allow customers to shop at their convenience through Big Bazaar's direct selling agents, and promote entrepreneurship. ‘Big Bazaar Direct’ is a...

Apparel

Biyani to look for FDI only in select formats

Firmly believing that his large retail chain would work well despite competition from global retailers, Kishore Biyani, chairman of the Future Group, country’s largest retailer by size has expressed that he will partner with foreign investors in certain selected formats and not across-the-board. The group has different formats such as lifestyle,...

Fashion

Future Group to foray into premium retail

He is best known for his value retail formats aka Big Bazaar and Food Bazaar, but now Kishore Biyani wants a change of image. He is planning to introduce new formats to give stiff competition to Reliance Retail, Shoppers Stop and Lifestyle. The idea is to move from being a value retailer to a retailer of premium goods and luxury items. Biyani is...

Fashion

Raghu Pillai, pioneer of Indian retailing passes away

Raghu Pillai, the CEO of Future Value Retail, a part of Kishore Biyani's Future Group died of a heart attack early on Sunday morning. A stalwart of the Indian retail industry, he pioneered the concept of modern retail in India in the ’90s. Pillai had joined the Future Group last October and was also a member of the group executive board. He had...

Apparel

Future banks on online growth

Future Group which recently acquired the online and telephone shopping portal Chaupaati Bazaar as a part of its strategy now expects at least 10 per cent of the group’s total retail revenues to come from digital platforms in the next three years. The acquisition was to garner a greater percentage of sales from virtual shopping. The company is...

Apparel

Pantaloon Retail to pump in Rs 2,100 cr

Pantaloon Retail, India’s biggest organized retailer, has announced its plans for a capital outlay of Rs 600-700 crores annually to propel its retail expansion. This amounts to an estimated Rs 2,100 crores over the next three-years. The Kishore Biyani led company that operates a chain of stores -- Pantaloons, Big Bazaar, Food Bazaar, KB’s Fair...

Apparel

Biyani to advice New York fashionistas

The Managing Director and CEO of Pantaloon Retail , Kishore Biyani of Big Bazaar fame has now become a member of the New York Fashion Advisory Board at the at the invitation of New York City Economic Development Corporation (NYCEDC). He will now advise fashionistas in the high streets of New York. The chairman of the conglomerate has set a...

Apparel

Shop for Change making inroads in India

Indian brands are taking the first step towards following fair trade, a concept popular amongst western consumers. It preaches buying products from corporations that focus on sustainable development and offer better trading conditions for workers and producers. Shop for Change is a non-profit organization offering fair trade certification in...

Apparel

Kishore Biyani reappointed MD

Kishore Biyani will continue to be the managing director of Pantaloon India Retail and Kailash Bhatia was appointed a full-time director. Gopikishan Biyani too continues as director simplicitor. This was decided at a recent Pantaloon India Retail Ltd (PRIL) board of directors meeting. Kishore Biyani, the founder of Future Group, belongs to a...