Will sell minority stake to a global retailer: Future Group
Following Walmart's acquisition of Flipkart, Future Group Founder and CEO Kishore Biyani said he will sell a minority stake to the "strongest global retailer." "There are going to be alliances which will be formed and we believe that our alliance will be the strongest one," Biyani added. Notably, Future Group operates Big Bazaar, Easyday and Brand Factory stores among others.