Theres no doubt that Kishore Biyani is one of the better entrepreneurs and by better I mean that he knows how to pursue an idea and more importantly if it does not work he knows how to walk away from it.
For any entrepreneur, he or she should know when to look towards the exit or will end up like Akash Chopra trying his luck with all the IPL teams just to get a look in. Exit mate exit !!!
But Mr. Biyani saw what was heading his way and quickly realised the after effects. More like Dravid than Akash Chopra !!
So then what happened to the empire built by Mr. Biyani ??
The most famous brand of the Biyanis - Big Bazaar is still going strong. India's first hyper market chain has close to 200 stores across India. It is the Messi or the Ronaldo of Future group as it rakes in half of Future Group's sales. Now they are looking to expand more and wisely so, close to 70 odd outlets in the coming two years. Obviously they need the capital and thats why the major changes all around but a minority partner might come in too.
Pantaloons comes in next and that too with some healthy margins. Stupendous sales accompanied by excellent brand recognition, pantaloons is like that kid in school who always comes in the top 5 and is content with his/her showing. Then the sale to Birlas but yeah with a 25 percent stake still intact is definitely a win and with rebranding of stores to follow.
Then there is Future Capital Holding for which a big decision had to be taken. Biyani realised that FCH did not have a sound business model and made the right timed exit. In came Warburg Pincus and reduced Biyani's debt by Rs. 500 crores.
Biyani is also on the thought process of exiting their venture with Generalii. But a buyer is a big headache.
Anyways Italy is not the destination nowadays. Its like that lane of Wasseypur where no one wants to tread along.
And there is Staples too which is again a joint venture.Mr. Biyani plans to use a put option to raise Rs. 200 crore. But 200 crores for stationery will it be a right decision .. why would school kid go to a mall just to buy a pen or a ruler when he can get it at a stones throw away at the nearest nukkad ??
But all in all Mr. Biyani has taken on the bull of debt by his horns and that has caught everyone by surprise.
Suddenly, Bi Ya N(i)ot to be seems the question !!!
For any entrepreneur, he or she should know when to look towards the exit or will end up like Akash Chopra trying his luck with all the IPL teams just to get a look in. Exit mate exit !!!
But Mr. Biyani saw what was heading his way and quickly realised the after effects. More like Dravid than Akash Chopra !!
So then what happened to the empire built by Mr. Biyani ??
The most famous brand of the Biyanis - Big Bazaar is still going strong. India's first hyper market chain has close to 200 stores across India. It is the Messi or the Ronaldo of Future group as it rakes in half of Future Group's sales. Now they are looking to expand more and wisely so, close to 70 odd outlets in the coming two years. Obviously they need the capital and thats why the major changes all around but a minority partner might come in too.
Then there is Future Capital Holding for which a big decision had to be taken. Biyani realised that FCH did not have a sound business model and made the right timed exit. In came Warburg Pincus and reduced Biyani's debt by Rs. 500 crores.
Biyani is also on the thought process of exiting their venture with Generalii. But a buyer is a big headache.
Anyways Italy is not the destination nowadays. Its like that lane of Wasseypur where no one wants to tread along.
And there is Staples too which is again a joint venture.Mr. Biyani plans to use a put option to raise Rs. 200 crore. But 200 crores for stationery will it be a right decision .. why would school kid go to a mall just to buy a pen or a ruler when he can get it at a stones throw away at the nearest nukkad ??
But all in all Mr. Biyani has taken on the bull of debt by his horns and that has caught everyone by surprise.
Suddenly, Bi Ya N(i)ot to be seems the question !!!
