Fire breaks out at Future Retail’s FSCSL’s warehouse at Bengaluru

01 Feb 2014 Evaluate

A major fire occurred in one of the warehouse of Future Retail’s subsidiary - Future Supply Chain Solutions (FSCSL) situated at Jigni in Bengaluru on January 30, 2014. The fire was controlled after few hours.

Further, in addition to inventory of other customers of FSCSL, inventory of company’s wholly-owned subsidiary Future Value Retail (FVRL) was also damaged in the fire. However, since the quantum of the inventory of the company and FVRL was not significant, there would not be any impact on the operations of the company or that of FVRL. The inventory of the company and FVRL is fully insured.

Future Retail (formerly known as Pantaloon Retail (India)) is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over 11 million square feet. It has a network of more than 1000 stores across 63 cities in India and has employee strength of 30,000 people.

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