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โPowerhouse of Indian Retail to failureโ 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 canโt 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.
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In 2010, Big Bazaar was ruling Indian retail, unstoppable at 250 stores. Then came DMartโwith just 10 storesโand changed everything. Hereโs how they did it: Big Bazaar brought the supermarket culture to India and became a household name. However
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From โน30 crore in a day to bankruptcy โ the rise and fall of Big Bazaar 2001 โ the year India witnessed a retail revolution. Big Bazaarโs first store opened and made โน30 crore on the first day itself. The tagline? โSabse Sasta, Sabse Best.โ The r
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Hereโs how Mukesh Ambani killed Big Bazaar and acquired almost for free. In 2020, Big Bazaar was on the verge of bankruptcy. Kishore Biyani, its founder, was looking for a lifeline, and Mukesh Ambani came forward with a bold โน24,000 Cr buyout offe
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Flipkart Minutes plans to scale up its dark stores from 300 to 800 by 2025 to dominate the quick commerce race! โ Competing with Blinkit, Zepto, Instamart and Big-Basket QC โ AI-powered catalog & focus on Tier-1 speed โ Over 1 million orders already
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Everyone thought Steve Jobs was insane in 2001... When he opened brick-and-mortar stores. Other tech companies had JUST closed 100s of branches. Dell was making BILLIONS selling PCs online. But Jobs saw something no one else did... The story behi
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Top 15 Failed or Declined Indian Companies ๐ 1. Kingfisher Airlines (2012) Cause: Heavy debt, poor financial planning, failed merger with Air Deccan. 2. Satyam Computers (2009) Cause: Major corporate fraud involving falsified accounts worth โน7
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