Kishore Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute
Live MintIndia's Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal. A New Delhi court in December dismissed Future's request to restrain Amazon's repeated attempts to get authorities to stall the deal. AMAZON PROTESTS The outcome of the dispute embroiling Future, Reliance and Amazon is seen shaping India's retail landscape, especially in deciding who will have an upper hand in the groceries market expected to be worth around $740 billion a year by 2024. Following Amazon's 2019 deal with a Future unit, the Indian retailer's groceries and fashion products are offered for sale on Amazon's website, while Future stores also act as local warehouses serving the U.S. giant's food supply chain.