Kishore biyani bets big on food business priyanka pani updated on january 11, 2019 published on january 11, 2019 kishore biyani, founder and group ceo, future group reuters. Biyani, 45, is ceo, future group, which is designed to cater to the entire indian. India can be centre of modern supply chain in postcoronavirus. Physical stores have their own advantages and nuances and digital has its own advantages, biyani. He is the founder and chief executive officer ceo of future group and also the founder of retail businesses such as pantaloon retail and big bazaar. So biyani is egging on his group to grow to a retail business worth rs 60,000 crore currently about rs 15,000 crore by 2020, an fmcg business worth rs 10,000 crore currently rs 1,500 crore and. There was a time when kishore biyani was called the king of retail in india. Kishore biyani s future retail looks to sell major stake to amazon kishore biyaniled future group is reportedly planning to cut its debt by selling a significant chunk of its future retail. The two parties initiated talks earlier this week for a stake in future retail, they said. Kishore biyani led future group is reportedly all set to split the food business of future retail into a separate unit to make it compliant with the countrys foreign direct investment fdi rules. Kishore biyani led future group has started talks with amazon for selling stake in future retail ltd to the usbased ecommerce major, industry sources said. There is a lot to learn from kishore biyani and his book it happened in india.
As large business houses enter the retail space, kishore biyani is not just. After starting big bazaar and food bazaar he also cared for the small shops to make sure they also grow and not go out of business. Kishore biyani sees a phygital future for retail the. In the past six years, biyani has acquired half a dozen supermarket store chains in india to put together a total retail space of. Kishore biyanipromoted future group has put its logistics arm, future supply chain on the block, sources told cnbctv18.
Very comprehensive book that shows how kishore biyani built the companies under future group. Kishore biyani bets big on food business the hindu. Future group manages retail and fashion mega stores with supermarket chains such as big bazaar and food bazaar, and lifestyle stores such as brand. Buy it happened in india book online at low prices in india it. The chain of big bazaar stores was the countrys first hypermarket retail outlet and rose to prominence with its sabse. How the modern retail landscape was set through his national retail chain food bazaar and big bazaar. And true to his style, this book by kishore biyani was meant for the. With dipayan baishya, biyani coauthored the book it happened in india. Kishore biyani to sell future supply chain, puts debt. Future groups founder ceo kishore biyani talks of a must read for. Among the most influential books for me, the book is filled with lessons on retailing. Amazon, future group in talks over sale of stake in future. He is the founder and chief executive officer ceo of future group and also the founder of retail businesses such.
Great lessons on how kishore biyani successfully ushered in the retail. Kishore is a firm believer in the maxim of rewrite rules, retain values. The group launched its fashion chain, fbb in oman in 2019 in partnership with middle east based ramdas khimji. In 2007, he authored the book, it happened in india, that is counted among the bestselling business books in india. A look at kishore biyanis favourite books on business. The new avatar will be launched in the coming weeks and will be called tathastu. Amazon may buy major stake in kishore biyanicontrolled. His success continued with the opening of a series of stores under the big. Kishore biyani, chief executive of the future group, thursday said that traditional offline retailing and web commerce are not as distinct as they once were, with the odds shortening that the two channels to reach end consumers would head toward total convergence in the near future.
Kishore biyani world retail congress 2020 world retail. Future groups kishore biyani plans to launch a new digital strategy ushering what he calls retail 3. Recently, the future group had announced plans to exit its insurance joint ventures. A true indian retail czar, kishore biyani is the group ceo of future group and managing director of pantaloon retail. Future retail promoter kishore biyani is straddling high. Its called tathastu you ask and you get it, said biyani, during the sidelines of nasscom. Kishore biyaniled future group has started talks with amazon for selling stake in future retail ltd to the usbased ecommerce major, industry sources said. Born in a middle class trading family, kishore biyani started his career selling stonewash fabric to small shops in mumbai. The most impressive point is that this books shows the good heart of kishore biyani. Pantaloon entered modern retail in 1997 with the opening of a chain of department. In kolkata, where one of our stores is located on the v. Popularly known as kb, he is the man who triggered the concept of retail supermarkets in india like big bazaar, pantaloon, mega mart and bangalore central. Born into a small trading family, indias retail czar, kishore biyani, replaced conventional wisdom with guts and instincts to create future group, a. Chief executive kishore biyani told et that the operator of the big bazaar, central and brand factory chains would seek cost leadership in the.