Tuesday, September 29, 2009

RETAIL NEWS| Future Group sees Rs 1,000 cr revenue from sports biz: Biyani

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Seeking to cash in on India's growing presence in the sports arena globally, Kishore Biyani-promoted Future Group has sensed a new retail opportunity and is looking at garnering Rs 1,000 crore revenue from the segment within four years.

Future Group's sharpening focus on retail of sports gear is part of the company's strategy to become a Rs 25,000-conglomerate within 3-4 years.

"We are looking at building up a big sports business. We believe the category of sports alone could be a Rs 1,000-crore business in the next 3-4 years," Future Group Chief Executive Officer Kishore Biyani told PTI.

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