AMAZON IN TALKS TO BUY UP TO 10% STAKE IN INDIA'S FUTURE RETAIL

IN THE UNITED STATES, AMAZON STARTED EMBRACING BRICK-AND-MORTAR STORES AFTER ITS 2017 PURCHASE OF HIGH-END GROCER WHOLE FOODS MARKET INC FOR 13.7 BILLION.

REUT.RS 33YCYUG AMAZON BOUGHT A 5 PERCENT STAKE IN INDIAN RETAILER SHOPPERS STOP LTD IN 2017 AND A YEAR LATER PICKED UP STAKE IN GROCERY CHAIN MORE.

(bloom.bg/2YRVYBj) The retail group currently operates more than 900 stores in India and owns nine supermarket brands, including Big Bazaar.
(reut.rs/33ycYuG) Amazon bought a 5% stake in Indian retailer Shoppers Stop Ltd in 2017 and a year later picked up stake in grocery chain More.
In the United States, Amazon started embracing brick-and-mortar stores after its 2017 purchase of high-end grocer Whole Foods Market Inc for $13.7 billion.

(Reuters) - Amazon.com Inc (AMZN.O) is in late-stage talks to buy as much as 10% of India’s Future Retail Ltd (FRTL.NS), Bloomberg reported on Tuesday, citing people familiar with the matter. The move comes as Amazon is...

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Article ID: 309822 Date: 13th August, 2019 Social Shares: 1150
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