A dispute between Future American e-commerce company Amazon (Amazon) and Future Group over a deal to sell Future Retail’s Korabar to Reliance Industries (RIL) in the hands of Future Group is being heard in the Delhi High Court Has been Meanwhile, Kishore Biyani, the owner of Future Group, accused Amedon of becoming a bonehead in the deal. He said that Amazon is creating a ruckus through the organized media campaign and spreading misleading information. He alleged that Amazon intended to capture Indian customers.
Addressing the employees through an internal memo to the dispute, Kishore Biyani, the owner of Future Group, said that Amazon’s attempt to stop a future retail deal with Reliance Industries is the same as tracing the world. The cruel ambition was that of Alexander the Great. Kishore Biyani, owner of Future Group, said that the dispute between Future Group and Amazon is a corporate battle that Amazon is fighting over Indian consumers to retain its holdings. He compared Amazon’s behavior to that of a dog who believes that if I can’t eat, I won’t let anyone else eat.
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Inspired by Alexander, Alexa named the product
Kishore Biyani said that the way Alexander (Alexander) could not win, he was ruined. In the same way, Amazon also wants the same. He sarcastically said that given Amazon’s false and unsubstantiated allegations and intent to harass, it seems that Amazon is inspired by Alexander, only then has he named his product Alexa as inspired by Alexander. Kishore Biyani said, history is witness that Alexander won the whole world, but he could not succeed in India. In the same way, Amazon will not be able to succeed in its plan even after all the activities. No official Amazon response has yet been revealed on this memo from Kishore Biyani.
Due to this, Future Retail sold to Reliance
Kishore Biyani told the employees on the decision to sell the retail business that the retail sector got caught in the financial crisis after the epidemic. We had no other option but to deal with a strong Indian business group like Reliance Group. It was a complete solution for our employees’ livelihoods, vendor networks, lenders, banks and the entire business system. This also serves our purpose of providing stability and security to vendors, landlords and banks. Promoters of Future Group have not benefited from the deal. Let us tell you that this matter is going on in the Delhi High Court and the market regulator SEBI has approved the Future Group and Reliance Retail Deal.
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