Future Group Logo | |
Company type | Private |
---|---|
Industry | Retailing, insurance, logistics, media |
Founder | Kishore Biyani (CEO) |
Headquarters | Mumbai, Maharashtra, India |
Products | Integrated foods and other FMCGs |
Services | Supermarkets, hypermarkets, discount stores, insurance, logistics, media |
₹200.6018 billion (US$2.4 billion) as of March 2013[1] | |
Number of employees | 71,000+[2] |
Divisions | Future Retail Limited (BSE: 523574,NSE: FRL), Future Lifestyle Fashion Limited, Future Consumer Enterprise Limited, Future Innoversity Limited, Future Supply Chains Limited, Future Brands Limited, Future Capital Holdings Limited, Future Style Lab |
Website | www |
Future Group is an Indian conglomerate headquartered in Mumbai, Maharashtra, India. The company is known for having a significant prominence in Indian retail and fashion sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central, etc. The group also has a notable presence in integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited, two operating companies of Future Group, are among the top retail companies listed in BSE with respect to assets,[3] and in NSE with respect to market capitalisation.[4]
On May 2012, Future Group announced a 50.1% stake sale of its fashion chain Pantaloons to Aditya Birla Group in order to reduce its debt of around ₹80 billion (US$960 million).[5][6] To do so, Pantaloons fashion segment was demerged from Pantaloons Retail India Ltd; the latter was then merged into another subsidiary—Future Value Retail Ltd—and renamed to Future Retail Ltd.[7]
Future Group is a corporate group and nearly all of its businesses are managed through its various operating companies based on the target sectors.[8] For e.g., retail supermarket/hypermarket chains Big Bazaar, FBB, Food Bazaar, Food Hall, Hometown, etc. are operated by its retail division, Future Retail Limited,[9] while its fashion and clothing outlets Brand Factory, Central, and Planet Sports are operated via another of its subsidiaries, Future Lifestyle Fashions Limited.[10] With these many fashion outlets and supermarkets, the group also promotes its fashion and sports brands like Indigo Nation, Spalding, Lombard, Bare, etc., and FMCGs like Tasty Treat, Fresh & Pure, Clean Mate, Ektaa, Premium Harvest, Sach, etc.[8] It also has operating companies to cater specifically to internal financial matters and consulting within its group of companies.[11]
On November 21, 2014, Future Consumer Enterprises Limited acquired the 98% from Actis Capital and other promoters. With that, Nilgiris is a fully owned subsidiary of Future Consumer Enterprises Limited (FCEL).
Future Group's operating companies sorted by targeted markets
Retail
- Future Retail Ltd[12]
- Future Lifestyle Fashion Ltd
- Future Consumer Limited
- Future Enterprises Limited
- Swathi Tiffin Shop
- Foodhall
Financial services
- Future Capital Holdings (for internal financial services)
- Future Generali Life Insurance
- Future Generali General Insurance
- Future Ventures
Other services
- Future Innoversity
- Future Supply Chains
- Future Brands
Future Group retail services sorted by operating companies
- KORYO (Chinese Re-branding)
- Food Bazaar
- Fashion Big Bazaar (FBB)
- Aadhaar Wholesale
- HomeTown
- E Zone
- Foodhall
- Easyday
- Big Bazaar[13]
- Nilgiris 1905
- Heritage Fresh[14]
- HyperCity
Future Lifestyle Fashion Ltd
- Central
- Brand Factory
- Planet Sports
- I AM in
Products brands under Future Group in India
Fashion and lifestyle
- Indigo Nation
- Scullers
- John Millers
- All
- Rig
- Coverstory
- DJ&C
- Buffalo
- Hey
- Converse
- Bare
- Clarks
- Holii
- UMM
- Urban Yoga
Integrated foods and FMCG
- NILGIRIS
- Tasty Treat
- Fresh & Pure
- Ektaa
- Premium Harvest
- Mera Swad
- Pratha
- Punya
- Sach
- Kosh
- Sunkist
- Kara
- TS
- Clean mate
- Care mate
- Swiss tempelle
- Baker street
- Golden Harvest
- Prim
Joint venture partnerships
Generali Group
Generali is an Italian insurance company, having business in India through a joint venture with Future Group under the brand name Future Generali Insurance. Future Generali operates in India having through two primary legal entities namely Generali India Life Insurance Co. Ltd. (Life Insurance) and Generali India Insurance Co. Ltd. (Non-Life Insurance).[15] Since 2013, Future Generali held talks of a possible merger with Larsen & Toubro Ltd. to form a general insurance company but a year later, on 22 April, Future Group backed out of merger leading to premature closure of the talks.[16]
Staples Inc
Staples Inc., a United States-based office supply retailer, has a presence of over nine cities in India under the joint venture with Future Group.[17][18] As of April 2013, Future Group has 60% stake in the partnership.[19]
Skechers
Skechers entered India through a JV with Future Group in 2012.
Celio
French fashion Celio entered Indian markets in 2008 through a 50:50 joint venture with Future Group's then retail hand, Pantaloons Retail India Ltd (now Future Retail Ltd).[20] On November 2013, Celio hiked its stake in the joint venture to 65%.[21]
Clark
C&J Clark International Ltd. is a UK-based footwear and accessories retailer. The Future Group has entered into a 50:50 joint venture (JV) to form 'Clarks Future Footwear Ltd'. The JV launched its first (1,600 sq ft.) stand-alone store in Connaught Place, Delhi on 19 April 2011. The brand seeks to gain a share of the premium segment in this category. [22]
References
- ^ "Annual Report 2013" (PDF). Archived from the original (PDF) on 1 August 2014. Retrieved 25 July 2014.
{{cite web}}
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- ^ "Top Companies in BSE Retail segment by Total assets". Moneycontrol.com. Retrieved 25 July 2014.
- ^ "Top Companies in NSE Retail segment by market cap". Moneycontrol.com. Retrieved 25 July 2014.
- ^ Our Bureau (30 April 2012). "Aditya Birla Novo to take control of Pantaloon's apparel business". Thehindubusinessline.com. Retrieved 25 July 2014.
- ^ Suman Layak (27 May 2012). "Friendly Takeover". Business Today. Retrieved 25 July 2014.
- ^ "Future Value to be merged with Pantaloon Retail to cut operating cost". India Times. 10 September 2012. Retrieved 25 July 2014.
- ^ a b c d e Future Group Businesses as mentioned in its official website
- ^ Future Retail Chains
- ^ Future Fashion Chains
- ^ BSE (10 July 2014). "Future Group Companies". Profit.ndtv.com. Retrieved 25 July 2014.
- ^ "Future Group to steer Heritage's retail business". The Hindu. Retrieved 26 February 2017.
- ^ Reporter, Corporate. "Big Bazaar to invest Rs. 600 crore on expansion". The Hindu. Retrieved 26 February 2017.
- ^ pilla, vishwanath. "Future Retail buys Heritage Foods's retail business". Live Mint. Retrieved 7 November 2016.
- ^ Future Generali Website
- ^ Shilpy Sinha; Arijit Barman (22 April 2014). "Kishore Biyani to pull out of general insurance merger talks with L&T for Future Generali". Economic Times. Retrieved 25 July 2014.
- ^ "Future group press release announcing JV with Staples Inc". Futuregroup.in. 18 January 2007. Archived from the original on 11 August 2014. Retrieved 25 July 2014.
{{cite web}}
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suggested) (help) - ^ "Staples Future Overview". Staplesfuture.com. Retrieved 25 July 2014.
- ^ Sagar Malviya (4 April 2013). "Future Group, CEOs JV buy majority stake in Staples". Economic Times. Retrieved 25 July 2014.
- ^ Rasul Bailay (17 April 2008). "Pantaloon in JV with menswear firm Celio". Livemint.com. Retrieved 25 July 2014.
- ^ Raghavendra Kamath (25 November 2013). "Celio hikes stake in Future Group JV to 65%". Business Standard News. Retrieved 25 July 2014.
- ^ "Print Article". livemint. 20 April 2011. Archived from the original on 4 September 2012. Retrieved 20 June 2011.
{{cite web}}
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