Amazon has reportedly agreed to buy an indirect stake in Future Retail by acquiring a 49% stake in Future Coupons, a Future Group entity that holds minority stake in Future Retail..
Future Retail owns Big Bazaar and EasyDay brick and mortar retail chains.
The deal will also allow Amazon to buy all or part of the promoters’ shares in the company after three years, subject to regulatory approvals.
Future Retail is one of India’s largest retail chains with 1,557 stores in 437 Indian cities. This tie-up will ease Amazon’s entry into physical stores, which the company had been planning for a long time.