MUMBAI\/NEW DELHI: Jeff Bezos<\/a> and Mukesh Ambani<\/a>, two of the world's richest men, face a turning point in a battle for preeminence in India's booming, nearly trillion-dollar retail market<\/a>. 法律纠纷的结果卷入了亿万富翁的Amazon.com和信实工业帝国——一家法院裁决迫在眉睫——可能塑造印度的零售格局。 孟买和新德里:杰夫·贝佐斯和穆凯什•安巴尼,两个世界上最富有的人,面临一个转折点在争夺印度蓬勃发展的卓越,近万亿美元零售市场。
The outcome of a legal dispute which has embroiled the billionaires' Amazon<\/a>.com and Reliance Industries<\/a> Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.
The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.
Accusations of insider trading and contractual breaches, as well as nationalistic cries to keep the U.S. giant at bay, mark the high-stakes fight, which has snowballed from what began as a dispute between Amazon and Future.
If Amazon succeeds, it may slow Reliance's plans to expand its e-commerce and brick-and-mortar operations. If Amazon loses, its hopes of expanding its interests in India's second-largest retailer and cashing in on its key grocery supply chain will be dashed, industry<\/a> insiders say.
Amazon is trying to stop Reliance's $3.4 billion purchase of Future Group's retail assets. The U.S. company, which won an injunction from an arbitrator to block the Reliance-Future deal, accuses its partner of breaching some pre-existing agreements, misleading the public and insider trading. Future denies the allegations.
Amazon, Reliance and Future did not respond to requests for comment.
Bezos<\/a>'s behemoth is a formidable foe, but Ambani<\/a> has a history as a disrupter. He has shaken foreign telecom firms by offering dirt-cheap data. Industry executives see his e-commerce plans as a threat for Amazon and Walmart<\/a> Inc's Flipkart.
\"If Reliance moves faster and faster, obviously it'll become very difficult for anyone else to gain,\" said Himanshu Bajaj, head of consulting firm Kearney's India retail practice.
Reliance, seeking to expand its JioMart e-commerce business, this month completed a $6.4 billion fund-raising by selling a stake in its retail arm to such investors as Silver Lake Partners and KKR & Co.
GROCERIES, 'BIG BROTHER' IN AMERICA<\/strong>
India's retail market will grow 46% over the next four years to an annual $1.3 trillion, reckons Forrester Research. The key battle is over groceries, expected to be worth around $740 billion a year by 2024.
Founded by Kishore Biyani, dubbed India's retail king, Future transformed the country's retailing in recent decades, before COVID-19 hit the business so hard this year that Biyani was forced to find a new buyer.
Around 1,300 of Future's more than 1,700 retail outlets in 400 cities sell groceries. Its budget supermarkets cater to middle-class shoppers, while its upmarket stores offer products like imported cheese and fresh guacamole, relatively rare in India's retail landscape.
That makes Future a prized asset for both Reliance and Amazon.
Reliance and Future dominate the market, with the next competitor, Avenue Supermarts Ltd's DMart, having just 220 outlets in around 70 cities.
While Reliance boasts around 11,000 retail stores, just 800 of those offer food and groceries, UBS estimates. Future's retail assets would nearly triple Reliance's footprint in the grocery segment and boost its e-commerce plans, said Forrester analyst Satish Meena.
Amazon sees Future as a long-term play to optimise its supply chain for grocery delivery, an area where it has lagged, Meena said.
\"Grocery is the category in which you fight,\" he said, while losing Future to Reliance would \"slow Amazon\".
Amazon, Future and Reliance this month hired some of India's top lawyers, who argued at length before a New Delhi judge. She is expected to decide soon whether to restrain Amazon from approaching regulators to block the Future-Reliance deal.
Amid heated legal arguments and patriotic appeals, Future's lawyer attacked Amazon as \"Big Brother\" in America, arguing Future faces bankruptcy if the Reliance deal fails.
\"Please don't allow this American giant to kill Future,\" the lawyer urged the judge.
<\/p><\/body>","next_sibling":[{"msid":79447454,"title":"OnePlus launches Bullet Wireless Z Bass Edition","entity_type":"ARTICLE","link":"\/news\/oneplus-launches-bullet-wireless-z-bass-edition\/79447454","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79447108","title":"Ambani-bezos-bccl","entity_type":"IMAGES","seopath":"industry\/services\/retail\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy\/ambani-bezos-bccl","category_name":"Battle of the billionaires: Bezos, Ambani gun for India retail supremacy","synopsis":"The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-189474\/79447108.cms?width=150&height=112","link":"\/image\/industry\/services\/retail\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy\/ambani-bezos-bccl\/79447108"},{"msid":"79434906","title":"Flipkart demotes Walmart India executives in merged entity","entity_type":"ARTICLE","seopath":"industry\/services\/retail\/flipkart-demotes-walmart-india-execs-in-merged-entity","category_name":"Retail","synopsis":"\u201cFlipkart said all Walmart's vice presidents will be made directors, and all employees have been told that the role redesignation letter will come by December 3 and people have the option of accepting the offer within five days or take three months\u2019 severance pay to quit,\u201d one of them said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-802186\/79434906.cms?width=150&height=112","link":"\/news\/industry\/services\/retail\/flipkart-demotes-walmart-india-execs-in-merged-entity\/79434906"},{"msid":"79432404","title":"Amazon tussle: Future Retail says not every development 'material event for disclosure'","entity_type":"ARTICLE","seopath":"industry\/services\/retail\/amazon-tussle-future-retail-says-not-every-development-material-event-for-disclosure","category_name":"Retail","synopsis":"In a regulatory filing disclosing the development, FRL said,\"...this disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges.\" ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-168481\/79432404.cms?width=150&height=112","link":"\/news\/industry\/services\/retail\/amazon-tussle-future-retail-says-not-every-development-material-event-for-disclosure\/79432404"},{"msid":"79431999","title":"In final stages of consolidating Walmart India operations, says Flipkart Wholesale","entity_type":"ARTICLE","seopath":"industry\/services\/retail\/in-final-stages-of-consolidating-walmart-india-operations-says-flipkart-wholesale","category_name":"Retail","synopsis":"In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launch of 'Flipkart Wholesale' to tap into the USD 650 billion B2B retail market in India.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-39699\/79431999.cms?width=150&height=112","link":"\/news\/industry\/services\/retail\/in-final-stages-of-consolidating-walmart-india-operations-says-flipkart-wholesale\/79431999"}],"msid":79447747,"entity_type":"ARTICLE","title":"Battle of the billionaires: Bezos, Ambani gun for India retail supremacy","synopsis":"The outcome of a legal dispute which has embroiled the billionaires' Amazon.com and Reliance Industries Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.","titleseo":"telecomnews\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":2001,"shares":0,"engagementtimems":9858000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2020-11-27 17:45:56","lastupd":"2020-11-27 17:46:54","breadcrumbTags":["Reliance Retail","retail market","Mukesh Ambani","Jeff Bezos","Amazon","Ambani","reliance industries","walmart","Industry","Bezos"],"secinfo":{"seolocation":"telecomnews\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-11-27" data-index="article_1">
战斗的亿万富翁:贝佐斯,安巴尼枪对印度零售霸主地位
法律纠纷的结果已卷入亿万富翁亚马逊com和信实工业公司迫在眉睫的帝国——一家法院的裁决,可能形状印度的零售格局。
获胜者在争取的未来零售有限公司,亚马逊的疏远的当地合作伙伴,将在比赛中领先地位,以满足日常的需求超过十亿人。
内幕交易的指控和合同漏洞,以及民族主义的哭声让美国巨头,标志着高风险的战斗,从什么开始打雪仗的亚马逊和未来之间的纠纷。
亚马逊是试图阻止依赖未来集团的34亿美元收购的零售资产。美国公司赢得了仲裁员的禁令阻止Reliance-Future交易,指责其合伙人违反一些已有的协议,误导公众和内幕交易。未来否认了这些指控。
亚马逊,依赖和未来没有回应记者的置评请求。
贝佐斯的庞然大物是一个强大的对手,但是安巴尼历史是一个破坏者。他动摇了外国电信公司提供非常便宜的数据。行业高管们看到他的电子商务计划作为亚马逊和威胁沃尔玛Flipkart公司公司的。
“如果依赖移动速度越来越快,显然会成为别人很难获得,“Himanshu巴贾吉说,印度零售咨询公司科尔尼的实践。
依赖,寻求扩大其JioMart电子商务业务,本月完成了64亿美元的融资通过出售其零售部门的股份等投资者Silver Lake Partners和KKR & Co。
在美国杂货,“老大哥”
印度的零售市场将增长46%在未来四年每年1.3万亿美元,估计Forrester研究。战役的关键是在杂货,预计到2024年每年价值约7400亿美元。
由基肖尔Biyani称为印度的零售,未来改变了国家的零售业在最近几十年,之前COVID-19重创的业务,所以今年Biyani被迫寻找新的买家。
未来的1300年左右超过400个城市的1700家零售店卖杂货。其预算超市迎合中产阶级消费者,而其高档商店提供产品进口奶酪和新鲜鳄梨沙拉,在印度的零售格局相对少见。
这使得未来宝贵的资产的依赖和亚马逊。
依赖和未来的主导市场,下一个竞争对手,大道超级市场有限公司DMart,刚刚在70个城市220家分店。
而依赖拥有大约11000家零售店,目前仅有800人提供食品和杂货,瑞银(UBS)估计。未来的零售资产将依赖近三倍的足迹在杂货店段和提高其电子商务计划,Forrester分析师Satish之一Meena说。
亚马逊认为未来长期发挥优化其供应链杂货店交付,一个领域落后,之一Meena说。
“杂货店的类别战斗,”他说,而失去未来将“慢亚马逊”的依赖。
亚马逊、未来和依赖本月雇佣了一些印度顶尖的律师,他认为终于在新德里的法官。她将很快决定是否阻止亚马逊接近监管部门阻止Future-Reliance交易。
在激烈的法律论据和强烈的爱国情绪,未来的律师袭击了亚马逊“老大哥”在美国,认为未来将面临破产如果依赖交易失败。
“请不要让这个美国巨头杀死未来,”律师敦促法官。
MUMBAI\/NEW DELHI: Jeff Bezos<\/a> and Mukesh Ambani<\/a>, two of the world's richest men, face a turning point in a battle for preeminence in India's booming, nearly trillion-dollar retail market<\/a>.
The outcome of a legal dispute which has embroiled the billionaires' Amazon<\/a>.com and Reliance Industries<\/a> Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.
The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.
Accusations of insider trading and contractual breaches, as well as nationalistic cries to keep the U.S. giant at bay, mark the high-stakes fight, which has snowballed from what began as a dispute between Amazon and Future.
If Amazon succeeds, it may slow Reliance's plans to expand its e-commerce and brick-and-mortar operations. If Amazon loses, its hopes of expanding its interests in India's second-largest retailer and cashing in on its key grocery supply chain will be dashed, industry<\/a> insiders say.
Amazon is trying to stop Reliance's $3.4 billion purchase of Future Group's retail assets. The U.S. company, which won an injunction from an arbitrator to block the Reliance-Future deal, accuses its partner of breaching some pre-existing agreements, misleading the public and insider trading. Future denies the allegations.
Amazon, Reliance and Future did not respond to requests for comment.
Bezos<\/a>'s behemoth is a formidable foe, but Ambani<\/a> has a history as a disrupter. He has shaken foreign telecom firms by offering dirt-cheap data. Industry executives see his e-commerce plans as a threat for Amazon and Walmart<\/a> Inc's Flipkart.
\"If Reliance moves faster and faster, obviously it'll become very difficult for anyone else to gain,\" said Himanshu Bajaj, head of consulting firm Kearney's India retail practice.
Reliance, seeking to expand its JioMart e-commerce business, this month completed a $6.4 billion fund-raising by selling a stake in its retail arm to such investors as Silver Lake Partners and KKR & Co.
GROCERIES, 'BIG BROTHER' IN AMERICA<\/strong>
India's retail market will grow 46% over the next four years to an annual $1.3 trillion, reckons Forrester Research. The key battle is over groceries, expected to be worth around $740 billion a year by 2024.
Founded by Kishore Biyani, dubbed India's retail king, Future transformed the country's retailing in recent decades, before COVID-19 hit the business so hard this year that Biyani was forced to find a new buyer.
Around 1,300 of Future's more than 1,700 retail outlets in 400 cities sell groceries. Its budget supermarkets cater to middle-class shoppers, while its upmarket stores offer products like imported cheese and fresh guacamole, relatively rare in India's retail landscape.
That makes Future a prized asset for both Reliance and Amazon.
Reliance and Future dominate the market, with the next competitor, Avenue Supermarts Ltd's DMart, having just 220 outlets in around 70 cities.
While Reliance boasts around 11,000 retail stores, just 800 of those offer food and groceries, UBS estimates. Future's retail assets would nearly triple Reliance's footprint in the grocery segment and boost its e-commerce plans, said Forrester analyst Satish Meena.
Amazon sees Future as a long-term play to optimise its supply chain for grocery delivery, an area where it has lagged, Meena said.
\"Grocery is the category in which you fight,\" he said, while losing Future to Reliance would \"slow Amazon\".
Amazon, Future and Reliance this month hired some of India's top lawyers, who argued at length before a New Delhi judge. She is expected to decide soon whether to restrain Amazon from approaching regulators to block the Future-Reliance deal.
Amid heated legal arguments and patriotic appeals, Future's lawyer attacked Amazon as \"Big Brother\" in America, arguing Future faces bankruptcy if the Reliance deal fails.
\"Please don't allow this American giant to kill Future,\" the lawyer urged the judge.
<\/p><\/body>","next_sibling":[{"msid":79447454,"title":"OnePlus launches Bullet Wireless Z Bass Edition","entity_type":"ARTICLE","link":"\/news\/oneplus-launches-bullet-wireless-z-bass-edition\/79447454","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79447108","title":"Ambani-bezos-bccl","entity_type":"IMAGES","seopath":"industry\/services\/retail\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy\/ambani-bezos-bccl","category_name":"Battle of the billionaires: Bezos, Ambani gun for India retail supremacy","synopsis":"The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-189474\/79447108.cms?width=150&height=112","link":"\/image\/industry\/services\/retail\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy\/ambani-bezos-bccl\/79447108"},{"msid":"79434906","title":"Flipkart demotes Walmart India executives in merged entity","entity_type":"ARTICLE","seopath":"industry\/services\/retail\/flipkart-demotes-walmart-india-execs-in-merged-entity","category_name":"Retail","synopsis":"\u201cFlipkart said all Walmart's vice presidents will be made directors, and all employees have been told that the role redesignation letter will come by December 3 and people have the option of accepting the offer within five days or take three months\u2019 severance pay to quit,\u201d one of them said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-802186\/79434906.cms?width=150&height=112","link":"\/news\/industry\/services\/retail\/flipkart-demotes-walmart-india-execs-in-merged-entity\/79434906"},{"msid":"79432404","title":"Amazon tussle: Future Retail says not every development 'material event for disclosure'","entity_type":"ARTICLE","seopath":"industry\/services\/retail\/amazon-tussle-future-retail-says-not-every-development-material-event-for-disclosure","category_name":"Retail","synopsis":"In a regulatory filing disclosing the development, FRL said,\"...this disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges.\" ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-168481\/79432404.cms?width=150&height=112","link":"\/news\/industry\/services\/retail\/amazon-tussle-future-retail-says-not-every-development-material-event-for-disclosure\/79432404"},{"msid":"79431999","title":"In final stages of consolidating Walmart India operations, says Flipkart Wholesale","entity_type":"ARTICLE","seopath":"industry\/services\/retail\/in-final-stages-of-consolidating-walmart-india-operations-says-flipkart-wholesale","category_name":"Retail","synopsis":"In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launch of 'Flipkart Wholesale' to tap into the USD 650 billion B2B retail market in India.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-39699\/79431999.cms?width=150&height=112","link":"\/news\/industry\/services\/retail\/in-final-stages-of-consolidating-walmart-india-operations-says-flipkart-wholesale\/79431999"}],"msid":79447747,"entity_type":"ARTICLE","title":"Battle of the billionaires: Bezos, Ambani gun for India retail supremacy","synopsis":"The outcome of a legal dispute which has embroiled the billionaires' Amazon.com and Reliance Industries Ltd empires - where a court ruling is imminent - may shape India's retail landscape for years to come.","titleseo":"telecomnews\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":2001,"shares":0,"engagementtimems":9858000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2020-11-27 17:45:56","lastupd":"2020-11-27 17:46:54","breadcrumbTags":["Reliance Retail","retail market","Mukesh Ambani","Jeff Bezos","Amazon","Ambani","reliance industries","walmart","Industry","Bezos"],"secinfo":{"seolocation":"telecomnews\/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy"}}" data-news_link="//www.iser-br.com/news/battle-of-the-billionaires-bezos-ambani-gun-for-india-retail-supremacy/79447747">
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