InvestorQ : How is the financial position of the Future Group and are they planning to sell off their logistics business?
Sam Eswaran made post

How is the financial position of the Future Group and are they planning to sell off their logistics business?

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swati Bakhda answered.
10 months ago
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Future has been under a pile of debt and revenues are a trickle due to the mall lockdowns currently on. Future Group has appointed Ambit to seek buyers for the group's stake in its logistics business, Future Supply Chain Solutions Ltd, to get out of the debt problem. Future Supply Chain is a third-party supply chain and logistics service provider offering warehousing, distribution and other logistics solutions to a wide range of customers in industries such as retail, fashion and apparel, automotive and engineering, food and beverage, fast-moving consumer goods (FMCG), e-commerce, healthcare, electronics and technology. Ambit will help Future Group find buyers for the group's stake in FSC. It is a non-core business for the group. Biyani and his family own 47.89% of Future Supply Chain. The plan to exit the supply chain business is part of the larger effort at Future Group to resolve its debt related troubles.

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