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Future Group stocks soar over CCI nod to Amazon

Future Group owns close to the 2,000 retail stores, covering over 24 million sq ft of space in over 400 cities and towns.

Mumbai/Chennai: Shares of Future Group companies rallied on Friday after the Competition Commission of India on Thursday approved the Amazon-Future Coupon deal.

The deal is expected to help Future Group strengthen its online sales and Amazon expand offline reach in India through Future Group's retail stores.

Future Group owns close to the 2,000 retail stores, covering over 24 million sq ft of space in over 400 cities and towns.The group’s owns Big Bazaar, Central, Brand Factory, and FBB stores along with a growing chain of neighbourhood stores, EasyDay and Heritage Fresh, and convenience stores WH Smith and 7-Eleven.

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