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ALKUSH INDUSTRIES
Area Sales Manager/Sales Officer
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ALKUSH INDUSTRIES
Area Sales Manager/Sales Officer
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Area Sales Manager
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H&M
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INTERMEDICS HEALTHCARE LLP
Area Sales Manager - Asm - Ivf/Hormones (Medical Devices)
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CRESCENDO GLOBAL LEADERSHIP HIRING INDIA
Area Manager- Fmcg Sales- (2- 5 Years)- Bangalore
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KEZAN INDIA
Area Sales Manager
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Sales Manager- Printing & Packaging- Africa
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Area Sales Manager
Permanent · Pune
NR CONSULTING
Requirement- Direct Sales Manager- Rajasthan
Permanent · Ajmer
ACHYUTAM INTERNATIONAL
Sales Manager- Printing & Packaging- Africa
Permanent · Chennai
ADITIYA
Area Manager-Retail Business Development (Ncr,UK)
Permanent · New Delhi
PRIMARK
Traceability Operations Coordinator
Permanent · BENGALURU
L'OREAL GROUP
Senior Manager - Sales Development (All Channels)
Permanent · Mumbai
L'OREAL GROUP
bd Consultant - l'Oreal, r&i, India
Permanent · Bengaluru
L'OREAL GROUP
Trade Marketing Manager – Matrix
Permanent · Mumbai
JANA SMALL FINANCE BANK
Area Sales Manager (Branch Banking) - Bhopal -mp
Permanent · Bhopal
MANPOWERGROUP SERVICES INDIA
B2B Sales Manager
Permanent · Gandhidham
LAL SWEETS
Area Sales Manager
Permanent · Agar
By
Reuters
Published
Apr 25, 2022
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Future Group stocks plunge after Reliance deal falls through

By
Reuters
Published
Apr 25, 2022

Shares of Future Group companies fell sharply on Monday, some as much as 20%, after Reliance called off its $3.4 billion deal with the group over the weekend, pushing its flagship Future Retail towards a possible bankruptcy process.


Future Group stocks plunge after Reliance deal falls through


Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5% and 20%.

With Reliance calling off the deal, Future, once one of India’s biggest retailers, now faces the prospect of a bankruptcy process.

“There is nothing much left for the company (Future Retail). They don’t have money, shops. Whatever Reliance has not taken over yet have already been shut down. Future Retail is likely to file for bankruptcy,” said Deepak Shenoy, founder and chief executive of Capitalmind in Bengaluru.

Reliance said on Saturday the deal, at the center of many legal battles since 2020, “cannot be implemented” after Future’s secured creditors rejected it.

Future has been in a long-drawn legal battle with US e-commerce giant Amazon over the $3.4 billion sale of its retail assets to rival Reliance Industries. Amazon had obtained legal injunctions that stalled Future’s deal with Reliance, sparking a series of legal battles in various forums, including an arbitration panel in Singapore.

However, Reliance suddenly took control of hundreds of Future stores in February, citing non-payment of rent, after assuming many of the leases held by cash-strapped Future.

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