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

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

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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.