Amid battle with Amazon, Future Retail sees liquidation if RIL deal fails

As a Singapore arbitration court has temporarily halted the acquisition process of Future Group’s retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through.

Future Retail’s representative told the arbitration panel that if the deal with Reliance Retail fails, then the company would go into liquidation. The closure of the company would lead to over 29,000 job losses, the company’s counsel said, according to the order copy.

Futures Retail, however did not respond to a query on the matter from IANS.

Sector experts too are of the view that if the acquisition of the company does not go through, then it may have to wind up its operations or go for bankruptcy.