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Friday, 24 March2023

Amazon sends legal notice to Future Group for breaching contract terms

Amazon sends legal notice to Future Group for breaching contract terms

<p>Amazon has sent a legal notice to a promoter of Future Group, alleging that it breached the terms of its contract by signing a deal with Reliance. Amazon last year acquired a 49% stake in Future Coupons Ltd. The e-comm giant, in its legal notice, cited a contract arrangement that included &ldquo;a restricted list&rdquo; of companies Future was not supposed to sign deals with. Amazon, Reliance and Walmart-owned Flipkart are in battle to gain e-comm market share in India.</p>

Read full story at Techcrunch
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