Future awaits Singapore arbitration verdict; Amazon says not settling

Even as the Future Group awaits the final order of Singapore International Arbitration Centre, American e-commerce giant Amazon said there are no settlement talks currently going on with the Future Group.

“We have consistently offered to assist Future Retail during the economic downturn caused by Covid and reiterated our openness for a dialogue even during the Delhi High Court hearings and this should not to be misconstrued as an offer for settlement,” said an Amazon spokesperson on Tuesday.

Both Future Group and Amazon have been litigating for a year after Future Group signed a deal to sell its entire businesses to Reliance Retail.