Far-fetch logo

Photo: Linkedin

Far-Fetch Launches Pre-Order Services To tackle Fashion Waste

In hopes of tackling fashion waste and competing with the competitors, "Far-Fetch" has launched a pre-order service that will help in managing the inventory and production, and also allow its customers to order from designers before its brands hit the shelves. "Far-Fetch" has also partnered up with restoration services. The move comes in order to help shoppers find a sustainable approach towards shopping and to reduce fashion waste.

Wed, 25 Aug 2021 - 11:47 PM / by Balaji L

Tags: fashion, e-waste, Future Retail, New Initiative

Courtesy: Harpers Bazaar

SC restrains RIL-Future group deal

Photo: Republic World

Supreme Court Holds Singapore's EA Award In Favour Of Amazon

The Supreme Court in its August 6 verdict restrained the Rs 24,713 crore Future Group-Reliance Retail deal. SC drew the verdict favoring the US-based e-commerce giant Amazon by holding that Singapore's Emergency Arbitrator (EA) was credible under the Indian law and can be implemented. Amazon challenged the Delhi High Courts' decision in the SC which certified the deal between Future Group and Reliance.

Fri, 06 Aug 2021 - 06:33 PM / by Prateek Chakradhar

Tags: Amazon Web Server, Future Retail, Reliance India, Supreme Court

Courtesy: Deccan Herald

Big Bazaar

Photo: Livemint

Reliance Industries Offers Operational Support To Future Retail

Mukesh Ambani-owned Reliance Industries has offered operational support to save the Future Retail Limited from collapse. However, the Rs 24,713-crore deal to buy the retailer’s assets is yet to be decided by the national company law tribunal. Reportedly, Reliance has extended the deadline for completion of the purchase by six months given the legal battle between Future Group and Amazon. Meanwhile, to ease burden, Future has transferred lease… read-more

Wed, 10 Mar 2021 - 11:10 AM / by Neha Sanjeev

Tags: Reliance Industries, Future Retail, Mukesh Ambani, NCLT

Courtesy: Livemint

Representational Image of Stock Fall

Photo: The Motley Fool/Financial World

Stocks Down for Reliance and Future Retail after Halt in Deal

Stocks fell for Reliance and Future Retail by 3.65% and 5.01% respectively at BSE after the asset sale was halted by an arbitration panel. Amazon, which holds a 7.3% stake and 'Contractual rights' in the Future Retail initiated arbitrary proceedings as Reliance decided to buy the business of Future Retail for $3.38 billion. However, Future Retail said, “It was not party to the agreement under which Amazon had invoked arbitration.”

Mon, 26 Oct 2020 - 03:50 PM / by Mahadevan K V

Tags: Reliance, Amazon, Future Retail, Arbitration

Courtesy: Reuters