Reliance Store set to open its first outlet in Jammu shutting down Big Bazaar
Big Bazaar in City Square Mall will soon be known as Reliance Retail store as the company has taken over the venture of Future Retail Limited.
All the Future Retail Limited’s Big Bazaar stores have remained closed for the past sometime and the online orders are also not being accepted in Jammu. All Reliance Retail stores are now set to reopen these stores next week. Reliance is going to takeover the flagship supermarkets of Future. The company has missed lease payments.
Reliance has started the process of rebranding the Future stores because the company did not make the required payments to Reliance, according to sources. The company Future has over 1,700 outlets. Reliance is going to rebrand 200 of Future’s Big Bazaar stores. All the other stores will continue to be run by Future Retail.
Tags
JAMMU KASHMIR