Abstract. Kishore Biyani, the head of Future Group, also referred to as the Father of Modern Retail in India and the maverick businessman, has evolved as one of the most successful businessman of the country.
He was known as the "father of modern Philippine retail". He developed ShoeMart into SM Investments, one of the largest malls in the Philippines. He also founded BDO Unibank and real estate.
Meet the 'Retail King' of India: His Royal Highness, Mr. Kishore Biyani! Kishore Biyani founded the $4.6 Bn (revenue) retail giant Future Group which hosts brands like Big Bazaar, Pantaloons, FBB, and more.
Big Bazaar was founded in 2001 by Kishore Biyani, the founder and chief executive officer (CEO) of the parent company, the Future Group. The former captain of Indian cricket team, Mahendra Singh Dhoni have previously endorsed for the fashion vertical of Big Bazaar.
Future of Retail in India - Kishore Biyani & Sanjiv Mehta in conversation with Shereen Bhan
Who started retail in India?
Retail in India originated with the Mom and Pop Stores and Kirana Stores, which used to cater to the requirements of the local population. Over a period, the government encouraged rural retail and provided support for establishing Khadi & Village industries.
Since its inception in 2006, Reliance Retail has grown to become India's largest retailer delivering superior value to its customers, suppliers and shareholders.
Lack of Customer-Centric Approach: Successful businesses today are those that place the customer at the heart of their operations. Big Bazaar failed in this aspect, often prioritizing cost-cutting over customer satisfaction, which, in the long run, adversely affected its profitability.
Which company runs the largest retail supermarket chain in India?
With a strong presence across key consumption baskets and a leadership position in food, consumer electronics, and fashion retailing and with 10,415 stores covering 22 million square feet, Reliance Retail has the largest store network in the country. The company ranks first among the retail companies in India.
Tesco is at the top of the list with an annual turnover for 2022 that amounted to €58.13 billion, according to Retail-Index. Founded in 1919, the retailer has 367,321 employees (as of 2021) and 4,673 stores (2021). Tesco's chief executive is Ken Murphy.
No one is credited with the invention of shoes because they date back thousands and thousands of years. The earliest known pair of shoes is believed to date back to 7000-8000 BCE and was made from bark - a natural material. The earliest known shoes made from leather are believed to date back to 3500 BCE.
The first proper currency extends as far back as 3000 BC in Mesopotamia. The first retail stores take up the mantle a bit further down the line. By 800 BC in ancient Greece, people had developed markets with merchants selling their wares in the Agora in the city center.
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.
The Securities Appellate Tribunal (SAT) on Wednesday quashed regulator Sebi's order banning Future Retail chairperson Kishore Biyani and some other promoters from the securities market for one year in an insider trading case.
Mukesh and Nita Ambani expressed immense pride and joy at the opening of Jio World Plaza, led by their daughter Isha Ambani, praising her and her team for redefining luxury in Mumbai, and foreseeing it as a global exemplar.
Mukesh D. Ambani. RIL Chairman and Managing Director Mukesh D. Ambani is a chemical engineer from the Institute of Chemical Technology, Mumbai (erstwhile the University Department of Chemical Technology, University of Mumbai).
With a strong presence across key consumption baskets and a leadership position in food, consumer electronics, and fashion retailing and with 10,415 stores covering 22 million square feet, Reliance Retail has the largest store network in the country. The company ranks first among the retail companies in India.
Currently, the Indian retail market is valued at around $1.3 trillion as of 2022. The report underscores the pivotal role that malls and shopping centres play in the organised brick-and-mortar retail sector.
Trent Limited (portmanteau of Tata Retail Enterprise) is an Indian retail company, which is part of Tata Group and based in Mumbai. Started in 1998, Trent operates Westside, a retail fashion chain, and Landmark, a bookstore chain with brick and mortar stores in various locations of India.
