Business

Kishore Biyani falters. Again.

Future Group is on the clock with a debt problem.

This is not the first time India’s modern retail pioneer—Future Group founder and CEO Kishore Biyani—has staked his kingdom. Just eight years back, he landed in enough of a tight spot that he had to sell parts of a business empire that he’d painstakingly built over decades. This time around too, he doubled down his bets in business by pledging ownership equity at a time when his companies are loaded with debt.

The man is now, miraculously, just a few steps away from losing control.

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Lead image of a Big Bazaar store by Biswarup Ganguly, via Wikimedia Commons, licensed under Creative Commons (CC BY 3.0).

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