Is Big Bazaar a brand?

Smart Bazaar, formerly Big Bazaar, is an Indian retail chain of hypermarkets, discount department stores, and grocery stores. The retail chain was founded by Kishore Biyani under his parent organisation Future Group, which is known for having a significant prominence in Indian retail and fashion sectors.

Who made Big Bazaar?

Big Bazaar emerged in 2001 as a subsidiary of the Future Group, led by Kishore Biyani. It introduced the concept of the hypermarket to Indian consumers, offering a wide range of products under one roof at competitive prices.

Why did Big Bazaar failed?

The company took on loans and debts to fund the expansion, ultimately leading to the inability to pay off debts even after selling off assets. The COVID-19 pandemic and legal disputes with Amazon further contributed to their downfall. The future of Big Bazaar and the Future Group remains uncertain.

How does Big Bazaar work?

Most of the products sold in Big Bazaar is typically their own brands that they sell cheaper for the people. They offer less discounts to other brands that are standard or well known keeping their margins intact. They buy goods directly from company in bulk assuring more savings to them.

What is the tagline of Big Bazaar?

"Big Bazaar will now present itself with a new tag line, 'Naye India Ka Bazaar' replacing the earlier one, 'Isse Sasta Aur Accha Kahin Nahin'," Future Group said in a statement today.

क्यों बर्बाद हुआ Big Bazaar, Kishore Biyani Failure Story, Why Future Group Failed 2022

What is the new name of Big Bazaar?

Smart Bazaar, formerly Big Bazaar, is an Indian retail chain of hypermarkets, discount department stores, and grocery stores. The retail chain was founded by Kishore Biyani under his parent organisation Future Group, which is known for having a significant prominence in Indian retail and fashion sectors.

What are the brands of Big Bazaar?

The hypermarket and supermarket business is led by Big Bazaar, Big Bazaar GEN NXT, HyperCity, Foodhall, fbb, Food Bazaar, Easyday Club and Heritage Fresh. The company operates more than 1,500 stores in over 400 cities and towns across the country.

What happened to Big Bazaar?

Why has Big Bazaar been closed? Big Bazaar has been shut down due to the financial crunch and lack of funding the owner of the company could not run the store anymore, But now Reliance Will Rebrand 200 Big Bazaar(Smart Bazaar) Outlets & Run Operations.

Is Big Bazaar successful?

Factors that have contributed to Big Bazaar's success:

In the world of Indian retail, success stories don't come bigger than that of Big Bazaar. What started as a small retail store in a nondescript neighborhood has grown into one of India's largest and most successful retail chains.

Do we get clothes in Big Bazaar?

Big Bazaar is a hypermarket today with a wide gamut of essentials in 3 categories that is, home, food, and fashion. Food Bazaar and fbb are Big Bazaar's food & clothing brands, respectively.

What happened to Future Group and Big Bazaar?

The Future Group founder said that they sold the company to Reliance but Amazon, because of their investment in the company, thought “they (Future Group) were not doing right”. “That went into a legal dispute and didn't allow the deal to consummate.

Who owns Future Group?

Retailing pioneer Kishore Biyani is the founder and group CEO of the $4.6 billion (revenue) retail giant Future Group. The group includes hypermarket chain Big Bazaar, food retailer Food Hall and convenience store chain EasyDay.

Why Future Retail failed?

Future Retail, the debt-ridden company once owned by Kishore Biyani-led Future Group, is now facing liquidation as its lenders could not find a suitable buyer. The Committee of Creditors rejected the only resolution plan submitted by Space Mantra, leading to the company's RP filing for liquidation.

Who has taken over Big Bazaar?

Future Group eventually sold Big Bazaar to Reliance Industries as a result.

Who is the boss of Big Bazaar?

Kishore Biyani is an Indian businessman who is the Founder & CEO of Future Group, one of India's biggest brick-and-mortar retailers. He is also the founder of retail businesses such as Pantaloon Retail and Big Bazaar.

What country did Big Bazaar come from?

Big bazaar covers all parts of India including the metro cities Kolkata, Delhi, Chennai, and Mumbai. Big bazaar started with its first store in Kolkata, west Bengal in 2001 and now owns more than 100 stores all over India making itself the fastest growing retail chain in India and leaving all its competitors behind.

What happened with Future Group?

In March 2022, Reliance Industries Limited (RIL) took over 900 Future Retail stores citing non-payment of rent. In April last year, most secured lenders rejected the deal with Reliance Industries. Thereafter, the Future Group firms were admitted for insolvency proceedings.

What are the advantages of Big Bazaar?

Big Bazaar is known for its promotional campaigns, festive discounts, and attractive offers that appeal to Indian consumers. The chain has a strong presence across major cities in India and has successfully captured the market with its value-for-money proposition.

Who is the owner of FBB?

Mr. Kishore Biyani

Over the past two decades he has created and leads some of India's most popular retail chains like Big Bazaar, Central, Brand Factory, Foodhall, fbb, among others. Over time, various retail chains like Nilgiris, Aadhaar, Easyday, Heritage, HyperCity and others have also become part of Future Group.

Why did Reliance take over Big Bazaar?

Citing unpaid payments by Future, Reliance has taken control of operations of some 200 Big Bazaar stores and has plans to seize another 250 of Future's retail outlets. Combined, they represent the crown jewels of Future's retail network and around a third of all Future outlets.

What will happen to Big Bazaar voucher?

"We have Big Bazaar vouchers worth Rs 6,000 whose validity is till December 2023 but these cannot be used now after the stores went to Reliance," said 30-year-old Vipul Dulange to Times of India. "Customer support is providing a toll free number and e-mail id, which are not operational.

How do I get my Big Bazaar profit club refund?

Visit the Store:If possible, visit the Big Bazaar store where you purchased or used the Profit Club card. Speak to the store manager or customer service desk, and explain your situation. They may be able to provide on-the-spot assistance or guide you on the next steps.

Which clothing brand is best in UK?

Is Bazaar an Indian brand?

Bazar India is one amongst India's leading retail brands and is also the fastest growing fashion & lifestyle Company. Bazar India operates as "ONE STOP SHOP” caters to the complete fashion needs of the entire family with business motto "FASHION KE SAATH BACHAT BHI".

What is Big Bazaar an example of?

Big Bazaar is a departmental store.