Japanese-owned and Irving, TX-headquartered American convenience retailer, 7-Eleven, signed a franchise agreement with India's Future Retail to operate its stores in India. Future Retail's subsidiary, SHME Food Brands, will launch the stores this year. "7-Eleven is among the most iconic global brands in the food retail landscape. We are proud...
Skechers Takes Control of Its Business in India
Manhattan Beach, CA-based Skechers USA acquired the 49 percent stake of its joint venture with Future Group of Mumbai owned by Indian retail billionaire, Kishore Biyani, and created a new company, Skechers South Asia Private Limited. India ranks among the fastest growing and largest international market for Skechers which has...
Future Group India Raises $45 Million from Cargill's Private Equity Arm
Future Consumer Enterprise Ltd., the food and consumer goods division of Kishore Biyani-led Future Group, has decided to raise $45 million from Black River Asset Management, the private equity arm of U.S. food and agriculture company Cargill through preferential allotment of compulsory convertible debentures. Additionally, it will raise nearly $10...