Future Retail Limited Announces Resignation of Sadashiv Nayak as Chief Executive Officer

Future Retail Limited is an India-based company, which is engaged in the business of retailing of fashion, household and consumer products through departmental and neighborhood stores under various formats across the country. The Company operates through the Retail segment. Its retail business includes hypermarket & supermarket and lifestyle consumer electronics. It operates hypermarket and home solutions retail formats. Across value and lifestyle segments, its multi-format retail strategy caters to various consumption needs of a cross-section of Indian consumers. Its hypermarket and supermarket business are led by Big Bazaar, Big Bazaar GEN NXT, HyperCity, Foodhall, fbb, Food Bazaar, Easyday Club and Heritage Fresh. The Company operates more than 1,500 stores in over 400 cities and towns across the country. Its small store neighborhood retail chains, EasyDay Club and Heritage Fresh operates closer to the home of customers and offers member-customers a range of services.