Big Bazaar was 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,[3] which is known for having a significant prominence in Indian retail and fashion sectors. Big Bazaar is also the parent chain of Food Bazaar, Fashion at Big Bazaar[4] (abbreviated as fbb) and eZone where at locations it houses all under one roof, while it is sister chain of retail outlets like Brand Factory, Home Town, Central, eZone, etc.
Founded in 2001,[5] Big Bazaar is one of the oldest[6] and largest hypermarket chains[7][8] of India, housing about 300+ stores in over 120 cities and towns across the country.[9] In February 2022, Reliance Industries took control of over 200 Future group stores and rebranded Big Bazaar as Reliance's Smart Bazaar Stores.[10]
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.
Acquisition
Big Bazaar Converting to Smart Bazaar at Avani Riverside Mall.
In 2020, Big Bazaar was acquired by Reliance Retail, the retail division of the Reliance Industries, as part of a ₹24,713 crore ($3.36 billion) sale transaction of Future Group. However, the deal was called off on 23 April 2022 after FRL's creditors voted against going forward with it.[11][12]
^"Future Retail CFO sees double-digit sales growth in Q2 of FY18". Moneycontrol. Retrieved 24 August 2017.
^"Big Bazaar company snapshot and profile". Bloomberg. Retrieved 10 April 2018.
^"Big Bazaar owner Future Retail, India's biggest department store, gains steam as Kishore Biyani rides demonetisation". The Financial Express. Bloomberg. 18 April 2017. Retrieved 21 April 2017.
^"Fbb to go Omnichannel: To launch fbbonline.com, open 40 stores every year". Indiaretailing.com. 29 March 2017. Retrieved 21 April 2017.
^"Demonetisation: Cash dispensed at Big Bazaar isn't withdrawn from bank, says founder Kishore Biyani". The Financial Express. 24 November 2016. Retrieved 22 April 2017.
^Raghavendra Kamath (17 March 2013). "Big Bazaar: Bigger & better?". Business Standard India. Mumbai. Retrieved 22 April 2017.
^Rashmi Pratap (11 July 2016). "Big Bazaar completes integration of Easyday stores". The Hindu Business Line. Mumbai. Retrieved 24 April 2017.
^"Big Bazaar aims for over Rs 210 cr sales from R-Day sale offer - Times of India". The Times of India. Mumbai. Press Trust of India. 24 January 2010. Retrieved 24 April 2017.
^Shewali Tiwari (23 November 2016). "Modi Announces Money-Withdrawal Option At Big Bazaar Outlets, Kejriwal Asks 'What's The Deal'". indiatimes.com. Retrieved 21 April 2017.
^"After Reliance's takeover of Future stores, shoppers left with Big Bazaar vouchers and no option to redeem". Times Now. 9 May 2022. Retrieved 7 June 2022.
^"Lost Rs 7,000 cr in 3-4 months of COVID, had no choice but to sell biz: Kishore Biyani". The News Minute. 15 October 2020. Retrieved 15 October 2020.
^"Kishore Biyani's Future Retail Seals Deal With Reliance Retail". BloombergQuint. Retrieved 2 September 2020.
External links
Official website
March 12, 2023
bazaar, indian, retail, chain, hypermarkets, discount, department, stores, grocery, stores, retail, chain, founded, kishore, biyani, under, parent, organisation, future, group, which, known, having, significant, prominence, indian, retail, fashion, sectors, al. Big Bazaar was 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 3 which is known for having a significant prominence in Indian retail and fashion sectors Big Bazaar is also the parent chain of Food Bazaar Fashion at Big Bazaar 4 abbreviated as fbb and eZone where at locations it houses all under one roof while it is sister chain of retail outlets like Brand Factory Home Town Central eZone etc Big Bazaar Pvt LtdBig Bazaar at Avani Riverside Mall now closed TypePrivateIndustryRetailFounded2001 22 years ago 2001 FounderKishore BiyaniHeadquartersMumbai Maharashtra IndiaNumber of locations30 stores nationwide August 25 2019 1 Area servedIndiaKey peopleSarvesh Shivnath Shukla Founder Sadashiv Nayak President amp CEO 2 Umashankar Shukla Director ProductsElectronicsMovies and musicHome and furnitureHome improvementClothingFootwearJewelleryToysHealth and beautyPet suppliesSporting goods and fitnessAutoPhoto finishingCraft suppliesParty suppliesGroceryOwnerKishore BiyaniParentFuture GroupWebsitebigbazaar comFounded in 2001 5 Big Bazaar is one of the oldest 6 and largest hypermarket chains 7 8 of India housing about 300 stores in over 120 cities and towns across the country 9 In February 2022 Reliance Industries took control of over 200 Future group stores and rebranded Big Bazaar as Reliance s Smart Bazaar Stores 10 Contents 1 History 1 1 Acquisition 2 See also 3 References 4 External linksHistory EditBig 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 Acquisition Edit Big Bazaar Converting to Smart Bazaar at Avani Riverside Mall In 2020 Big Bazaar was acquired by Reliance Retail the retail division of the Reliance Industries as part of a 24 713 crore 3 36 billion sale transaction of Future Group However the deal was called off on 23 April 2022 after FRL s creditors voted against going forward with it 11 12 See also Edit Supermarkets portal Companies portalD Mart Foodworld HyperCity More Urban Ladder Reliance Fresh Spencer s NRI Bazaar MoreReferences Edit Future Retail CFO sees double digit sales growth in Q2 of FY18 Moneycontrol Retrieved 24 August 2017 Big Bazaar company snapshot and profile Bloomberg Retrieved 10 April 2018 Big Bazaar owner Future Retail India s biggest department store gains steam as Kishore Biyani rides demonetisation The Financial Express Bloomberg 18 April 2017 Retrieved 21 April 2017 Fbb to go Omnichannel To launch fbbonline com open 40 stores every year Indiaretailing com 29 March 2017 Retrieved 21 April 2017 Demonetisation Cash dispensed at Big Bazaar isn t withdrawn from bank says founder Kishore Biyani The Financial Express 24 November 2016 Retrieved 22 April 2017 Raghavendra Kamath 17 March 2013 Big Bazaar Bigger amp better Business Standard India Mumbai Retrieved 22 April 2017 Rashmi Pratap 11 July 2016 Big Bazaar completes integration of Easyday stores The Hindu Business Line Mumbai Retrieved 24 April 2017 Big Bazaar aims for over Rs 210 cr sales from R Day sale offer Times of India The Times of India Mumbai Press Trust of India 24 January 2010 Retrieved 24 April 2017 Shewali Tiwari 23 November 2016 Modi Announces Money Withdrawal Option At Big Bazaar Outlets Kejriwal Asks What s The Deal indiatimes com Retrieved 21 April 2017 After Reliance s takeover of Future stores shoppers left with Big Bazaar vouchers and no option to redeem Times Now 9 May 2022 Retrieved 7 June 2022 Lost Rs 7 000 cr in 3 4 months of COVID had no choice but to sell biz Kishore Biyani The News Minute 15 October 2020 Retrieved 15 October 2020 Kishore Biyani s Future Retail Seals Deal With Reliance Retail BloombergQuint Retrieved 2 September 2020 External links EditOfficial website Retrieved from https en wikipedia org w index php title Big Bazaar amp oldid 1136083104, wikipedia, wiki, book, books, library,
