Amazon in talks to buy up to 10 percent stake in Future Retail - report

By Staff Writer on Aug 14, 2019 7:04AM

Amazon in talks to buy up to 10 percent stake in Future Retail - report

Slowly building up stake in brick and mortar stores in India

Amazon.com Inc is in late-stage talks to buy as much as 10 percent of India's Future Retail Ltd, Bloomberg reported on Tuesday, citing people familiar with the matter. The move comes as Amazon is looking to expand its reach in the Indian brick-and-mortar market, about a year after retailer ...

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