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Line 3: {{Use dmy dates\|date=April 2018}} {{Infobox company \| name = ~~Smart~~BIG ~~Bazaar~~BAAZAR \| logo = Reliance Smart Bazaar.png \| type = [[Privately held company\|Private]] Line 9: \| traded_as = \| foundation = {{ubl \| {{Start date and age\|2001}} as Big Bazaar }} \| founder = [[Kishore Biyani]] \| location = [[Mumbai]], [[Maharashtra]], India \| locations = 30 stores nationwide (August 25, 2019)<ref>{{cite web \|url = https://www.moneycontrol.com/news/business/future-retail-cfo-sees-double-digit-sales-growth-in-q2-of-fy18-2367853.html\|title = Future Retail CFO sees double-digit sales growth in Q2 of FY18\|publisher = Moneycontrol\|access-date = August 24, 2017\|archive-date = 11 April 2018\|archive-url = https://web.archive.org/web/20180411174427/https://www.moneycontrol.com/news/business/future-retail-cfo-sees-double-digit-sales-growth-in-q2-of-fy18-2367853.html\|url-status = live}}</ref> \| area_served = India \| key_people = {{plainlist\| * Sarvesh Shivnath Shukla (~~Founder~~founder) * Sadashiv Nayak (President & [[Chief Executive Officer\|CEO]])<ref>{{cite web \|url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=112068145\|title = Big Bazaar company snapshot and profile\|publisher = Bloomberg\|access-date = April 10, 2018\|archive-date = 10 March 2017\|archive-url = https://web.archive.org/web/20170310111946/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=112068145\|url-status = live}}</ref> * Umashankar Shukla (~~Director~~director) }} \| products = {{hlist\|Electronics\|Movies and music\|Home and furniture\|Home improvement\|Clothing\|Footwear\|Jewellery\|Toys\|Health and beauty\|Pet supplies\|Sporting goods and fitness\|Auto\|Photo finishing\|Craft supplies\|Party supplies\|Grocery}} Line 32: }} '''[[Reliance Retail\|Reliance]] Smart Bazaar''', formerly known as '''Big Bazaar''', is an Indian [[retail]] chain of [[hypermarket]]s, [[discount department store]]s, and [[grocery store]]s. The retail chain was founded by [[Kishore Biyani]] under his parent organisation [[Future Group]],<ref name="financialexpress">{{cite news\|title=Big Bazaar owner Future Retail, India’s biggest department store, gains steam as Kishore Biyani rides demonetisation\|url=http://www.financialexpress.com/market/big-bazaar-owner-future-retail-indias-biggest-department-store-gains-steam-as-kishore-biyani-rides-demonetisation/631908/\|access-date=21 April 2017\|work=The Financial Express\|agency=Bloomberg\|date=18 April 2017\|archive-date=22 April 2017\|archive-url=https://web.archive.org/web/20170422044652/http://www.financialexpress.com/market/big-bazaar-owner-future-retail-indias-biggest-department-store-gains-steam-as-kishore-biyani-rides-demonetisation/631908/\|url-status=live}}</ref> which is known for having a significant prominence in Indian retail and fashion sectors. Big Bazaar is also the parent chain of Food Bazaar, Fashion at Big Bazaar<ref>{{cite web\|title=Fbb to go Omnichannel: To launch fbbonline.com, open 40 stores every year\|url=http://www.indiaretailing.com/2017/03/29/fashion/fbb-to-go-omnichannel-to-launch-fbbonline-com-open-40-stores-every-year/\|website=Indiaretailing.com\|access-date=21 April 2017\|date=29 March 2017\|archive-date=22 April 2017\|archive-url=https://web.archive.org/web/20170422033625/http://www.indiaretailing.com/2017/03/29/fashion/fbb-to-go-omnichannel-to-launch-fbbonline-com-open-40-stores-every-year/\|url-status=live}}</ref> (abbreviated as ''fbb'') and eZone where at locations it houses all under one roof, while it is sister chain of retail outlets like [[Brand Factory]], Home Town, Central, eZone, etc. Founded in 2001,<ref>{{cite news\|title=Demonetisation: Cash dispensed at Big Bazaar isn’t withdrawn from bank, says founder Kishore Biyani\|url=http://www.financialexpress.com/india-news/demonetisation-cash-dispensed-at-big-bazaar-isnt-withdrawn-from-bank-says-founder-kishore-biyani/454396/\|access-date=22 April 2017\|work=The Financial Express\|date=24 November 2016\|archive-date=23 April 2017\|archive-url=https://web.archive.org/web/20170423164715/http://www.financialexpress.com/india-news/demonetisation-cash-dispensed-at-big-bazaar-isnt-withdrawn-from-bank-says-founder-kishore-biyani/454396/\|url-status=live}}</ref> Big Bazaar is one of the oldest<ref>{{cite news\|author1=Raghavendra Kamath\|title=Big Bazaar: Bigger & better?\|url=http://www.business-standard.com/article/management/big-bazaar-bigger-better-113031700374_1.html\|access-date=22 April 2017\|work=Business Standard India\|date=17 March 2013\|location=Mumbai\|archive-date=23 April 2017\|archive-url=https://web.archive.org/web/20170423063645/http://www.business-standard.com/article/management/big-bazaar-bigger-better-113031700374_1.html\|url-status=live}}</ref> and largest hypermarket chains<ref>{{cite news\|author1=Rashmi Pratap\|title=Big Bazaar completes integration of Easyday stores\|url=http://www.thehindubusinessline.com/companies/big-bazaar-completes-integration-of-easyday-stores/article8835836.ece\|access-date=24 April 2017\|work=The Hindu Business Line\|date=11 July 2016\|location=Mumbai\|language=en\|archive-date=29 July 2020\|archive-url=https://web.archive.org/web/20200729094504/https://www.thehindubusinessline.com/companies/big-bazaar-completes-integration-of-easyday-stores/article8835836.ece\|url-status=live}}</ref><ref>{{cite news\|title=Big Bazaar aims for over Rs 210 cr sales from R-Day sale offer - Times of India\|url=http://timesofindia.indiatimes.com/business/india-business/Big-Bazaar-aims-for-over-Rs-210-cr-sales-from-R-Day-sale-offer/articleshow/5494133.cms\|access-date=24 April 2017\|work=[[The Times of India]]\|agency=[[Press Trust of India]]\|date=24 January 2010\|location=Mumbai\|archive-date=18 May 2017\|archive-url=https://web.archive.org/web/20170518101954/http://timesofindia.indiatimes.com/business/india-business/Big-Bazaar-aims-for-over-Rs-210-cr-sales-from-R-Day-sale-offer/articleshow/5494133.cms\|url-status=live}}</ref> of India, housing about 300+ stores in over 120 cities and towns across the country.<ref name="Indiatimes">{{cite web\|author1=Shewali Tiwari\|title=Modi Announces Money-Withdrawal Option At Big Bazaar Outlets, Kejriwal Asks 'What's The Deal'\|url=http://www.indiatimes.com/news/india/modi-announces-money-withdrawal-option-at-big-bazaar-outlets-kejriwal-asks-what-s-the-deal-266049.html\|website=indiatimes.com\|access-date=21 April 2017\|language=en\|date=23 November 2016\|archive-date=22 April 2017\|archive-url=https://web.archive.org/web/20170422035117/http://www.indiatimes.com/news/india/modi-announces-money-withdrawal-option-at-big-bazaar-outlets-kejriwal-asks-what-s-the-deal-266049.html\|url-status=live}}</ref> In February 2022, [[Reliance Industries]] took control of over 200 Future group stores and rebranded Big Bazaar as Reliance's Smart Bazaar Stores.<ref>{{cite web\|url=https://www.timesnownews.com/business-economy/companies/after-reliances-takeover-of-future-stores-shoppers-left-with-big-bazaar-vouchers-and-no-option-to-redeem-article-91427615\|title=After Reliance’s takeover of Future stores, shoppers left with Big Bazaar vouchers and no option to redeem\|publisher=Times Now\|date=9 May 2022\|accessdate=7 June 2022\|archive-date=7 June 2022\|archive-url=https://web.archive.org/web/20220607081918/https://www.timesnownews.com/business-economy/companies/after-reliances-takeover-of-future-stores-shoppers-left-with-big-bazaar-vouchers-and-no-option-to-redeem-article-91427615\|url-status=live}}</ref> == History == Big Bazaar was founded in 2001 by Kishore Biyani, the founder and ~~chief executive officer (~~CEO) of the parent company, the [[Future Group]]. The former captain of Indian cricket team, [[Mahendra Singh Dhoni]] have previously endorsed for the fashion vertical of Big Bazaar. Line 43: ===Acquisition === [[File:Big Bazaar Converting Smart Bazaar - Avani Riverside Mall - Howrah 20220323 180332.jpg\|thumb\|Big Bazaar Converting to Smart Bazaar at Avani Riverside Mall.]] In 2020, Big Bazaar was acquired by [[Reliance Retail]], the retail division of the [[Reliance Industries]], as part of a ₹24,713 crore ($3.36 billion) sale transaction of Future Group. However, the deal was called off on 23 April 2022 after FRL's creditors voted against going forward with it.<ref>{{Cite web\|date=2020-10-15\|title=Lost Rs 7,000 cr in 3-4 months of COVID, had no choice but to sell biz: Kishore Biyani\|url=https://www.thenewsminute.com/article/lost-rs-7000-cr-3-4-months-covid-had-no-choice-sell-biz-kishore-biyani-135372\|access-date=2020-10-15\|website=The News Minute\|language=en\|archive-date=16 October 2020\|archive-url=https://web.archive.org/web/20201016133321/https://www.thenewsminute.com/article/lost-rs-7000-cr-3-4-months-covid-had-no-choice-sell-biz-kishore-biyani-135372\|url-status=live}}</ref><ref>{{Cite web\|title=Kishore Biyani’s Future Retail Seals Deal With Reliance Retail\|url=https://www.bloombergquint.com/business/kishore-biyanis-future-retail-seals-deal-with-reliance-retail\|access-date=2020-09-02\|website=BloombergQuint\|language=en\|archive-date=8 September 2020\|archive-url=https://web.archive.org/web/20200908183404/https://www.bloombergquint.com/business/kishore-biyanis-future-retail-seals-deal-with-reliance-retail\|url-status=live}}</ref> Reliance Retail launched its new retail format by the name of Reliance Smart Bazaar, that cater to consumer needs. It offers online and offline services to the customer. Online shopping services can be availed using the [[JioMart]] platform. ==Controversy == According to [[The New Indian Express]] report in September 2022, the [[Bhubaneswar Municipal Corporation]] (BMC) fined [[Reliance Industries\|Reliance]] Smart Bazaar Rs 1.5 lakh for allegedly putting up posters and hoardings without permission. The fine included Rs 1 lakh for kiosk advertisements and Rs 50,000 for hoardings. The advertisements, placed between September 2 and 8, violated the BMC Advertisement Regulations 2006 and were deemed a public nuisance.<ref name="d509">{{cite web \| title=BMC slaps Rs 1.5 lakh fine on Reliance Smart Bazaar for allegedly erecting posters, hoardings \| website=The New Indian Express \| date=September 10, 2022 \| url=https://www.newindianexpress.com/cities/bhubaneswar/2022/Sep/10/bmc-slaps-rs-15-lakh-fine-on-reliance-smart-bazaarfor-allegedly-erecting-postershoardings-2496767.html \| access-date=July 3, 2024}}</ref> == See also == Line 59 ⟶ 61: ==External links== *{{official\|~~http~~https://~~www~~futureretail.~~bigbazaar.com~~in/}} [[Category:Companies based in Mumbai]]