Why stationery retailer Staples exited its joint venture with Future Group in India

4 years ago

Staples Inc, the world’s largest office supplies firm, made a surprise exit from its six-year-old joint venture with Future Group earlier this year. This came at a time when the market was expecting Kishore Biyani-led Future Group to sell out as part of its exit from various non-core businesses to cut debt.


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Staples to buy Future Group's stake in wholesale JV

Staples to buy Future Group’s stake in wholesale JV

Reuters 5 years ago
Staples Inc, the largest US office supply chain, plans to buy out its Indian partner Future Group’s stake in its wholesale operations for up to...
Staples Future co-chiefs on why office supply giant Staples sold its stake, revenue milestones, margins and more

Staples Future co-chiefs on why office supply giant Staples sold its stake, revenue milestones, margins and more

Vrishank Chandavarkar 4 years ago
In 2007, Shailesh Karwa and Sharad Dalmia sold their three-year old online B2B stationery supply venture Officedge India to Future Group. In a simultaneous move,...
L&T General Insurance, Future Generali scrap proposed merger

L&T General Insurance, Future Generali scrap proposed merger

Anuradha Verma 3 years ago
Kishore Biyani-promoted Future Group and construction and engineering company Larsen & Toubro Ltd have decided to call off talks to form a joint venture by...
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Why stationery retailer Staples exited its joint venture with Future Group in India

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