The biggest rich in the world and the biggest rich of India are face to face and in the middle are ‘Retail King of India’ Kishore Biyani and his Big Bazaar.
Big Bazaar because he is their most famous brand. However, the deal is bigger than this and what is at stake is much bigger than that.
The richest man in the world is Jeff Bezos of Amazon. This time, he is hurt by him, he is Mukesh Ambani of Reliance, India’s largest and fourth-ranked rich man in the world. The reason for the altercation between the two is Kishore Biyani and his future group.
On Sunday, Amazon issued an interim order from Singapore International Arbitration Singapore International Arbitration Center that Future Group could not sell its business to Reliance Group. Before coming to the why and how, it is important to understand what this deal is. Biyani’s Future Group has signed an agreement to sell all its retail and wholesale businesses to Reliance Retail Ventures Ltd, a Reliance Group company.