Large- to mid-sized household goods makers and their distributors have become wary of selling goods to Future group’s EasyDay and Big Bazaar chain stores, with some of these companies saying that they are facing unusually long delays in receiving payments for the supply of goods. As such, some of them are selling limited inventory until the outstandings are cleared.
This highlights the cash flow woes and debt-related troubles of Future group, said top executives at fast-moving consumer goods companies. Big Bazaar, which has more than 300 stores in the country, and EasyDay, with approximately 500 stores, are run by Future Retail Ltd.
