RIL terminates lease for 835 stores: Future - Times of India

RIL terminates lease for 835 stores: Future – Times of India

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MUMBAI: Future Retail has informed the stock exchanges that it has received sub-lease termination notices from Reliance Group entities for 342 large format stores such as Big Bazaar, [email protected] Bazaar (fbb) and 493 small format stores such as easyday and Heritage stores of the company. These stores contributed 55% to 65% of retail revenue operations.
“As of now, these stores are not operational for stock and inventory reconciliation. The company is in continuous discussion with Reliance Group to maintain status quo and for safeguarding the interest of various stakeholders,” the company said.



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