Zee Media Bureau
Homegrown Future Group has decided to merge its retail business with Bharti Retail.
Bharti Group had initially hoped for a full-fledged retail play, keeping its options open for partnership with its erstwhile cash and carry partner Walmart.
However, the two parted ways in 2013 with the American retail giant deciding to focus only on wholesale business in India amid restrictions over FDI in multi-brand retail.
Bharti Retail runs over 210 Easyday stores across different formats in India, mostly concentrated in the northern region.
Future Group also has been making move to consolidate its business after selling majority stake in Pantaloons to Aditya Birla Retail in 2012. It has a chain under different formats, including hypermarkets under Big Bazaar and supermarkets under Food Bazaar brand.
With Agency Inputs
