Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group’s FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company. In the financial year 2020-21, the retail arm of Reliance Industries Ltd has purchased goods worth Rs 157.54 crore from Future Consumer Ltd (FCL), accounting 26.8 percent of the total sales of Rs 586.15 crore, as per the latest annual report of the company. FCL is among the 19 group companies of the Future Group, which would be merged with Future Enterprises and then would be transferred to Reliance Industries retail arm, Reliance Retail Ventures Ltd ( …
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