Future Ventures plans to be a major player in fast moving consumer goods, especially the foods space, and is targeting to grow 30-40 percent every year, Kishore Biyani, who also owns, India's largest supermarket chain Big Bazaar, said on Thursday.
Future Ventures was formerly an investment arm of Future Group, but relisted on Thursday as a foods and FMCG company, following the demerger of fashion and lifestyle part of the business to Future Lifestyle Fashion. The company, which earlier only invested in other companies, will now be an operating entity.
Biyani says it will be Rs 1,000 crore plus company this financial year itself.
The company will have 8 food brands in its kitty like Tasty Treat, Ektaa, Clean Mate and Premium Harvest, and own distribution network through its KB's Fair Price and Aadhar stores across the country. It also has stake in Capital Foods, which sells products under Chings Secret among other brands.
Future Ventures already has around 200 convenience stores, according to Biyani.
Belgium-based Verlinvest and Singapore-based Arisaig have picked up about 19 percent stake in the company in the last few months.
Future Ventures relisted on Thursday at Rs 6.25 on NSE, having closed at Rs 9.25 at the time of delisting.
Anda sedang membaca artikel tentang
Future Ventures looking to grow 30-40% each year: Biyani
Dengan url
https://rokokkanker.blogspot.com/2013/07/future-ventures-looking-to-grow-30-40.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Future Ventures looking to grow 30-40% each year: Biyani
namun jangan lupa untuk meletakkan link
Future Ventures looking to grow 30-40% each year: Biyani
sebagai sumbernya
0 komentar:
Posting Komentar