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Jaswanth Jegan

Stealth • 7m

“Powerhouse of Indian Retail to failure” Billions to Bankruptcy #4 Big Bazaar was started in 2001 by Kishore Biyani under future retail group.It was started as a one-stop shopping destination provided consumers with convenience and value, catering to the diverse needs of Indian households. It pursued an quick expansion strategy, rapidly opening new stores across India. Its aggressive approach allowed it to establish a strong presence.They diversified into new ventures like Food Bazaar, Fashion Bazaar & Electronic Bazaar. The Future Group accumulated substantial debt due to its aggressive expansion and acquisition strategies. Then Covid hit lockdown was implemented they can’t open their stores which resulted to decline of revenue then those debt became a burden. To alleviate pressure Future Group sold some of their assets including Bare Essentials,HomeTown,Future Capital Holdings,etc.Then reliance acquired them for $3.4 billion in 2022 after many legal battles.

13 replies28 likes

Replies (13)

Rohith Kunchamwar

Stealth • 7m

Big bazaar had great presence and they were in a good place in terms of positioning themselves in the online space. If they would have gone into online expansion as much as they spent on offline, they might have given themselves a lifeline.

1 replies6 likes

Havish Gupta

Stealth • 7m

He also said this In a podcast with Raj Shamani. He said that Until 2010, Dmart had 10-12 stores, while they had about 200 Stores, in next 10 years. DMart expanded to 350 Stores while big bazar got bankrupt

1 replies3 likes

Anonymous 2

Stealth • 7m

Their stores were good. I still enjoy spending time there

0 replies2 likes

Anonymous 1

Stealth • 7m

Reliance kinda killed them in the end.

2 replies2 likes

SamCtrlPlusAltMan
•

OpenAI • 7m

Either quick commerce or quick expansion, one of these would’ve eventually killed them anyway

1 replies2 likes

LIKHITH

Stealth • 7m

Quick quick quick is what killed them

1 replies2 likes

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