×
59 743
Fashion Jobs
OLD NAVY
Asset Protection Agent - Laguna Gateway Cntr
Permanent · Elk Grove
OLD NAVY
General Manager - Ward Parkway
Permanent · Kansas City
OLD NAVY
Asset Protection Service Representative - South Colorado Blvd
Permanent · Denver
JORDAN
Jordan Brand Marketing Manager
Permanent · New York
NIKE
Purpose Marketing, Global Brand Manager
Permanent · Beaverton
JORDAN
Jordan Brand Planning Manager
Permanent · Indianapolis
NIKE
Merchandising Manager
Permanent · Beaverton
NIKE
Materials Optimization Manager
Permanent · Beaverton
NIKE
Creative Operations Production Manager
Permanent · Los Angeles
NIKE
Global Director, Finance & Strategy Communications
Permanent · Beaverton
NIKE
Senior Construction Project Manager
Permanent · Beaverton
ABERCROMBIE AND FITCH CO.
Category Planner - Merchandise Planning
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
sr. Category Planner - Merchandise Planning
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Inventory Planner - Merchandise Planning
Permanent · Columbus
NEIMAN MARCUS
Product Manager, bi & Analytics
Permanent · Irving
NEIMAN MARCUS
Manager, Sales Experience - Beverly Hills
Permanent · Beverly Hills
NEIMAN MARCUS
Sales Manager, Precious Jewelry-Palo Alto
Permanent · Palo Alto
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Aurora
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Oklahoma City
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Newark
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Jackson
NEW BALANCE
Product Manager, Made
Permanent · Lawrence
By
Reuters API
Published
Oct 7, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon sends legal notice to India's Future Group over Reliance deal

By
Reuters API
Published
Oct 7, 2020

Amazon.com Inc has sent a legal notice to a promoter of India's Future Group over the retailer's deal with Reliance Industries , ET Now reported on Wednesday, citing sources.




In August, Mukesh Ambani-led Reliance said it would acquire the retail and wholesale business as well as the logistics and warehousing business of Future in a deal valued at $3.38 billion, including debt.

Amazon's investment in Future Group came with contractual rights, which includes a right of first refusal and a non-compete-like pact, a source told, adding that this was the main reason why the legal notice was sent to Future Coupons.

Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report.

Amazon did not immediately respond to a Reuters request for comment.

Amazon last year acquired a 49% stake in Future Coupons Ltd, which owns a 7.3% interest in the retail group that operates more than 1,500 stores in India, including grocery chain Big Bazaar.
 

© Thomson Reuters 2021 All rights reserved.