Amazon scores over future retail in major court decision

Amazon effectively utilized the conditions of its toehold $200 million investment in debt-ridden Future to thwart Future's attempt to sell retail assets to a competitor, citing contract violations.

Amazon scores over future retail in major court decision
Photo by Bryan Angelo / Unsplash

A future Retail in India has asked Delhi High court to declare ongoing arbitration procedures with Amazon.com unconstitutional, claiming that its antitrust regulator had terminated a 2019 pact that Amazon used to exercise its rights over the company.

Amazon effectively utilized the conditions of its toehold $200 million investment in debt-ridden Future to thwart Future's attempt to sell retail assets to a competitor, citing contract violations.