Future Retail Ltd, the country's second-largest retailer, has shut down operations of most of its online and offline stores. Most of the company's stores were closed on Sundays. Reports say that Mukesh Ambani-led Reliance Industries has also come into the process of taking over the Future Group.
Reliance Industries to rebrand Future Stores: Future Group was not able to repay the lease rent and after which Reliance Industries is now going to rebrand the retail stores of Kishore Biyani-led Future Group, which the company has leased and leased out all to Future Group. Along with this, Reliance Industries has also provided job offers to future group employees.
Most of the big bazaar stores are closed on Sunday: Although most people come to malls and supermarkets for shopping on Sundays, but this Sunday most of the stores of big bazaar retail chains are going to remain closed. The company's website also did not place the order on Sunday. Due to which it is that as soon as the website is opened by 2:30 pm, the message is coming that work is still being done on upgrading the website. Stay tuned for a better experience with us - Team Big Bazaar."
This is what the company said about the operations: Some reports say that they have also requested for comments from future groups and Reliance Industries in this regard, but so far no reply has been received. Earlier, the Future Group had told the stock exchanges on Saturday that the company was also getting to see a decline in its operations. In response to a Twitter user's question, Big Bazaar said, "We are sorry to inform that our stores will not be in operation for two days."