Can India’s biggest company keep getting bigger?
Reliance Industries buys Future Group, its closest competitor in bricks-and-mortar retail
A FEW YEARS ago Future Group was seen as, well, the future of Indian retail. From humble beginnings making trousers in the 1980s, Kishore Biyani, its founder, built 2,000 shops in 400 cities across India, selling all manner of consumer goods. That is second only to the 3,700 retail outlets run by Reliance Industries, India’s largest conglomerate, which peddles everything from motor fuel to mobile phones. Future’s Big Bazaar supermarkets or Foodhall, a posh grocer, are enviably large and modern, as is its logistics network.
This article appeared in the Business section of the print edition under the headline “Over-Reliance”
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