Kishore Biyani appointed as Managing Director of Bharti Retail

On 3 May 2016 Future Group's CEO KishoreBiyani was appointed as Managing Director (MD) of Bharti Retail. 
•    Biyani on 1 May 2016 had resigned from Future Retail Ltd
•    Future Retail Ltd is the largest listed retail companies, which operates Big Bazaar and Food Bazaar. 
•    He will continue to hold office as non-executive director of Future Retail Ltd.
•    Rakesh Biyani, who has also been appointed as Joint Managing Director of Bharti Retail.
•    In May 2015, Future Group had agreed to merge its retail business with Bharti Retail in an all-stock deal worth 750 crore rupees to create one of the biggest supermarket chains with 15000 crore rupees turnover.
•    Bharti Retail is a wholly owned subsidiary of Bharti Enterprises.
•    Bharti Retail operates a chain of multiple format stores.
•    Future Group owns and operates Big Bazaar, combined retail operations with Easyday in May 2015. 
•    This collaboration has made it India's biggest retail chains with more than 570 stores in 243 cities in India.