Reliance takes control of Future Retail stores, offers jobs to staff: Report

Reliance Industries is taking over the operation of Future Retail (FRL) stores and is offering jobs to the company's employees, Reuters reported. The development comes amid FRL's ongoing legal battle with Amazon over sale of its retail assets to Reliance. Reliance has reportedly decided to rebrand about 200 stores that would otherwise be closed as FRL failed to make payments.