×
186
Fashion Jobs
AESOP
Retail Consultant | Part-Time (30 Hours) & Full-Time | Aesop City of Stockholm
Permanent · STOCKHOLM
ASICS
Sales Representative
Permanent · Stockholm
PUMA
Senior Key Account Manager Sportstyle Nordic
Permanent · Solna
H&M
Global Head of Marketing h&m Sport
Permanent · Stockholm
H&M
Project Leader For Material Certification And Material Trademark Within Group Compliance
Permanent · Stockholm
PUMA
Project Manager IT Sap
Permanent · Solna
PUMA
Senior Manager Merchandising Puma Golf Europe
Permanent · Solna
H&M
Art Director – h&m Group Communications
Permanent · Stockholm
H&M
Data Analyst to Predictive Analytics Team @h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
H&M
Business Minded Data Specialist to h&m Group
Permanent · Stockholm
H&M
Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
Permanent · Stockholm
H&M
we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Cyber Security Trainer
Permanent · Stockholm
H&M
Security Advisor
Permanent · Stockholm
H&M
h&m is Looking For a Business Expert For Allocation Precision
Permanent · Stockholm
H&M
Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
H&M
ai Learning & Development Manager
Permanent · Stockholm
H&M
Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
H&M
Business Expert Full-Stack 3d Garment Specialist
Permanent · Stockholm
By
Reuters API
Published
Jan 31, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

India's Future likens Amazon's bid to stall retail deal to 'ruthless' Alexander the Great

By
Reuters API
Published
Jan 31, 2021

Amazon.com Inc's bid to stall Future Group's $3.4 billion retail assets sale is similar to Alexander the Great's "ruthless ambition to scorch the earth", the Indian group's CEO Kishore Biyani said in an internal staff memo seen by Reuters.


Reuters


Amazon, locked in protracted legal disputes with Future, alleges the Indian firm violated contracts by agreeing to sell its retail assets to Reliance Industries last year. Future denies wrongdoing.

The two sides this week traded barbs in a New Delhi court, the latest legal case where Amazon is seeking to block the sale. India's second-largest retailer says the deal is critical for the survival of its 1,700 stores and thousands of employees.

Dubbing it a corporate battle "for supremacy over Indian customers", Biyani's staff e-mail late on Friday said Amazon was "playing the dog in the manger".

Taking a further dig at Amazon, he said the "vexatious litigation and harassment makes one wonder about the similarity in ruthless ambition to scorch the earth akin to the Greek Alexander - after all, they are inspired to name their product as Alexa".

"History tells us that Alexander conquered large parts of the world but failed in India."
The Macedonian leader's military campaign greatly expanded the Greek-speaking empire throughout the Middle East and parts of Asia, ushering in the Hellenistic age before he died in present-day Iraq in 323 B.C.

Amazon declined to comment on the memo by Biyani, often referred to as India's retail king for transforming the country’s retailing in recent decades.

In the latest court case, Amazon has also asked the judge to detain Biyani in a civil prison, arguing his firm "deliberately" disobeyed a Singapore arbitrator's October order that put the deal on hold.
Future maintains that arbitration order is not binding.

Its lawyer on Friday said Amazon was trying to block the deal because it will make it difficult for the U.S. firm to compete with Reliance, led by one of Asia's richest man, Mukesh Ambani, who is fast expanding into e-commerce.

"Amazon is only interested that Reliance should not improve in India," said Future's counsel Harish Salve. The next court hearing is on Monday.

Indian stock exchanges this month cleared Future's deal with Reliance, despite Amazon's repeated requests to regulators to block the deal.

"We are on firm legal footing and this is vindicated by the approvals," Biyani said in his memo.

© Thomson Reuters 2022 All rights reserved.