Published
Nov 11, 2020
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RIL's JioMart to restock Big Bazaar shelves

Published
Nov 11, 2020

Reliance Industries Limited’s JioMart and Future Group’s Big Bazaar have signed a purchase order to restock Big Bazaar’s shelves with Reliance Retail products.

Big Bazaar is running a range of festive promotions for Diwali - Big Bazaar- Facebook


Multi-brand retailer Big Bazaar, which stocks makeup, clothing, accessories, homewares, and a multitude of product categories, will see its current inventory crunch resolved by JioMart, sources told TNN. JioMart, part of RIL’s Reliance Retail segment, will restock Big Bazaar shelves across India, giving the latter a new lease on life.
 
Big Bazaar’s parent company Future Group is currently planning to sell its retail and wholesale assets to RIL. This includes 1,550 Big Bazaar stores. 

However, U.S.-owned retail giant Amazon has instigated a legal battle in an attempt to stop this, arguing that the deal violates Amazon’s prior contract with Future Group. JioMart’s purchase order with Big Bazaar shows that both RIL and Future Group are confident that they will will win the legal battle, according to TNN’s sources. 
 
“RIL’s move to bail out Big Bazaar exudes the confidence both companies have in closing the deal despite Amazon’s legal moves against it,” a source told TNN. 
 
Big Bazaar is currently running a range of promotional offers for the Diwali festive season. The business faced challenges during the pan-India lockdown when sales of non-essential goods were banned and responded by augmenting its doorstop delivery services.
 

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