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Fashion Jobs
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Lead - Product Management, India - ed&a Icc
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NIKE
Senior Product Manager, India - ed&a Icc
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SHOPPERSSTOP
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Permanent · HYDERABAD
RENMAKCH INDIA PRIVATE LIMITED
Production Manager
Permanent · Pune
KARAMTARA ENGINEERING PVT. LTD.
Manager Operations, Steel Manufacturing Plant
Permanent · Tarapur
PROSPUR HR CONSULTING PVT LTD
Production Manager
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ONIDA - MIRC ELECTRONICS LTD
Production Manager - Wada Plant
Permanent · Mumbai
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
PRAGATI GLASS PRIVATE LIMITED
Production Manager
Permanent · Bharuch
AASPIRE MANAGEMENT CONSULTANTS
Manager Production – Heat Treatment - aa / RP / ht- Pdn / 18 - w / 21
Permanent · Chennai
SMART CONSULTANCY SERVICES
Deputy General Manager (Knits)
Permanent · Bengaluru
MICRO PLASTICS PVT LTD
Production Manager
Permanent · Bengaluru
SIYARAM SILK MILLS LTD
Regional Sales Manager Fabric - South Region (India)
Permanent · Chennai
AVENUE SUPERMARTS LIMITED
Operations Manager
Permanent · Chennai
PYRAMID HUMAN RESOURCES CONSULTANCY
Manager - Production (Ammonium Chlorite)
Permanent · Karaikal
WEATHER RISK MANAGEMENT SERVICES PRIVATE LIMITED
Production Manager(1+ Years)-Kanpur
Permanent · Kanpur
ISHIN
E-Commerce Business Development Manager
Permanent · Mumbai
ISHIN
E-Commerce - Listing Manager
Permanent · Mumbai
NIKE
Software Engineering Manager - Operations & Logistics Technology, India – Move Icc
Permanent · Bengaluru
NIKE
Principal Quality Engagement Manager, India – Tech Ops Icc
Permanent · Bengaluru
BIG SOFT HR SOLUTIONS
Production Manager Tetra Line
Permanent · Mumbai
By
Reuters
Published
Nov 8, 2020
Reading time
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Future Retail challenges Amazon in court over Reliance deal

By
Reuters
Published
Nov 8, 2020

Future Retail has challenged its partner Amazon.com Inc in a New Delhi court to stop interfering in its $3.4 billion asset sale deal, the Indian company said in a statement on Saturday.


Future Retail challenges Amazon in court over Reliance deal


Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd. The deal breaches agreements made in 2019 by Future, according to the U.S. online retailer.

Amazon last month won an injunction to halt Future’s deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes. Future later said the order wasn’t binding, prompting Amazon to lodge a complaint with India’s market regulator.

The Delhi High Court was asked on Saturday to block Amazon from “misusing” the arbitration order to interfere in the Reliance deal, Future said in a filing to the stock exchange.

While further details about the challenge were not disclosed, the filing said it had made all entities who were part of the arbitration proceedings as parties to its latest suit, but was seeking relief only against Amazon.

Amazon did not immediately respond to a request for comment.

The dispute has strained Amazon’s ties with one of India’s leading retailers as well as with Ambani, Asia’s richest man, and his Reliance group, which is fast expanding its e-commerce business and is a potential rival to Amazon.

Amazon says its 2019 deal in which it invested nearly $200 million in a Future unit had clauses saying the Indian group could not sell its retail assets to anyone on a “restricted persons” list, which included Reliance.

Future has said the deal with Reliance was critical to rescue its ailing retail business which has been hit by the COVID-19 pandemic.

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