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Future Group

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Future Group
Company typePrivate
Industryretailing, insurance, logistics, media
FounderKishore Biyani (CEO)
HeadquartersMumbai, Maharashtra, India
ProductsIntegrated foods and other FMCGs
ServicesSupermarkets, hypermarkets, discount stores, insurance, logistics, media
₹200.6018 billion (US$2.4 billion) as of March 2013 [1]
Number of employees
35,000[2]
DivisionsFuture Retail Ltd.(BSE: 523574,NSE: FRL), Future Lifestyle Fashion Ltd., Future Consumer Enterprise Ltd., Future Innoversity Ltd., Future Supply Chains Ltd., Future Brands Ltd., Future Capital Holdings Ltd.
Websitewww.futuregroup.inwww.futurebazaar.com

Future Group is an Indian private conglomerate, headquartered in Mumbai. 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. and also for having notable presence in integrated foods and FMCG manufacturing sectors. Future Retail (initially Pantaloons Retail India Ltd (PRIL)) and Future Lifestyle Fashions, 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 capitalization.[4]

On May 2012, Future Group announced 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 to another subsidiary—Future Value Retail Ltd—and rechristened Future Retail Ltd.[7]

Businesses

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 through its retail hand, Future Retail Ltd,[9] while its fashion outlets Brand Factory, Central, Planet Sports etc. are operated via another of its subsidiaries, Future Lifestyle Fashions.[10] With these many fashion outlets and supermarket, the group also promotes respectively, its fashion 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]

Future Group's operating companies sorted by targeted markets[8]

Retail

  • Future Retail Ltd
  • Future Lifestyle Fashion Ltd
  • Future Consumer Enterprise Limited

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 Learning

Future Group retail services sorted by operating companies[8]

  • Food Bazaar
  • FBB (Fashion @ Big Bazaar)
  • HomeTown
  • E Zone
  • Foodhall
  • FutureBazaar.com (e-retailing)
  • Easyday
  • Big Bazaar

Future Lifestyle Fashion Ltd

Future Consumer Enterprise Limited

  • KB's

Products brands under Future Group in India[8]

Fashion and Lifestyle

  • Indigo Nation
  • Scullers
  • John Millers
  • All
  • Rig

Integrated Foods and FMCG

  • Tasty Treat
  • Fresh & Pure
  • Ektaa
  • Premium Harvest
  • Mera Swad
  • Pratha
  • Punya
  • Sach

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).[12] 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 [13]

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.[14][15] As of April 2013, Future Group has 60% stake in the partnership.[16]

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 Retails India Ltd (now Future Retail Ltd).[17] On November 2013, Celio hiked its stake in the joint venture to 65% [18]

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. [19]

Footnotes

  1. ^ "Annual Report 2013" (PDF). Retrieved 25 July 2014.
  2. ^ Official Website
  3. ^ "Top Companies in BSE Retail segment by Total assets". Moneycontrol.com. Retrieved 25 July 2014.
  4. ^ "Top Companies in NSE Retail segment by market cap". Moneycontrol.com. Retrieved 25 July 2014.
  5. ^ Our Bureau (30 April 2012). "Aditya Birla Novo to take control of Pantaloon's apparel business". Thehindubusinessline.com. Retrieved 25 July 2014.
  6. ^ Suman Layak (27 May 2012). "Friendly Takeover". Business Today. Retrieved 25 July 2014.
  7. ^ "Future Value to be merged with Pantaloon Retail to cut operating cost". India Times. 10 September 2012. Retrieved 25 July 2014.
  8. ^ a b c d e Future Group Businesses as mentioned in its official website
  9. ^ Future Retail Chains
  10. ^ Future Fashion Chains
  11. ^ BSE (10 July 2014). "Future Group Companies". Profit.ndtv.com. Retrieved 25 July 2014.
  12. ^ Future Generali Website
  13. ^ 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.
  14. ^ "Future group press release announcing JV with Staples Inc". Futuregroup.in. 18 January 2007. Retrieved 25 July 2014.
  15. ^ "Staples Future Overview". Staplesfuture.com. Retrieved 25 July 2014.
  16. ^ Sagar Malviya (4 April 2013). "Future Group, CEOs JV buy majority stake in Staples". Economic Times. Retrieved 25 July 2014.
  17. ^ Rasul Bailay (17 April 2008). "Pantaloon in JV with menswear firm Celio". Livemint.com. Retrieved 25 July 2014.
  18. ^ Raghavendra Kamath (25 November 2013). "Celio hikes stake in Future Group JV to 65%". Business Standard News. Retrieved 25 July 2014.
  19. ^ "Print Article". livemint. 20 April 2011. Retrieved 20 June 2011.[dead link‍]

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