Amazon’s deal with Future Retail seen as big step in building offline presence

Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC. Photographer: Matthew Staver/Bloomberg

Future Group founder Kishore Biyani is negotiating an agreement with Amazon that will give the US-based online retailer the option to acquire Biyani in the future, The Economic Times reported last week. The report said the e-commerce giant is in an advanced stage of talks to buy a 9.5% stake in Future Retail Ltd.

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