Who is big bazaar owner

However, Biyani continued to diversify and sink money into a variety of retail formats through acquisitions, particularly grocery — such as the Easyday club, Heritage and Nilgiris — to connect consumers. These retail formats, especially Big Bazaar, offered consumers what an Amazon or Flipkart today offers — everything you need, under one roof, with massive discounts. While Biyani built a massive retail presence through these stores, fashion and apparel was still his forte.

So around , he began ramping up his fashion portfolio. In he decided to turn Future Group, which was so far a retail-led company, into a full-fledged consumer goods major. He then forayed into the consumer goods space with the launch of 27 private labels across 64 categories including staples, pulses, snacks, sauces etc, creating an entire FMCG portfolio.

He said at the time that he aimed to grow food and FMCG business to a turnover of Rs 20, crore by But with rapid expansion and several turns in strategies, Biyani had spread himself too thin as the need for capital increased to expand his retail business amid increasing competition from new players like Reliance Retail as well as the advent of e-commerce.

In , Biyani even admitted that the diversification and getting into so many categories of business was a mistake. Earlier we were into multiple categories. I think we have made enough mistakes. We didn't have that kind of bandwidth and we didn't have that kind of resources and we have done too many things," he had said. Future Retail Big Bazaar fbb. Next Story. Amazon sacks employee for taking loo breaks. Comments - Join the Discussion. Must Watch. Jain, however, never formally took on the role.

He has close to three decades of experience. Never miss a story! Stay connected and informed with Mint. Download our App Now!! It'll just take a moment. Looks like you have exceeded the limit to bookmark the image.