‘If Amazon wins legal battle, Future Group can survive at a reduced scale’

Kishore Biyani’s Future Group can survive on its own albeit at a reduced scale with the help of banks and lenders if it loses its legal battle to Amazon, an independent director on the board of Future Retail (FRL) has said.

“If this gets embroiled in courts and carry on till this time next year, it will be bad for the company because it needs positive cash flow,” Ravindra Dhariwal, an independent director on FRL board, told TOI.