Nothing seems to have been going right for the Walmart acquired multi-billion Dollar e-commerce giant Flipkart. Soon after Binny Bansal stepped down from his post of the chief executive over allegations of “personal misconduct”, reports have emerged that Jabong may lay off up to 50 per cent of its employees. Arecibo[Read More…]
Tag: Myntra
Flipkart adds Jabong, becomes the biggest fashion destination in India
Flipkart announced its acquisition of Jabong from Global Fashion Group for an undisclosed amount on Tuesday. Other competitors which wanted to take over the fashion portal included Future Group, Snapdeal and Aditya Birla’s Abof. This makes Flipkart the biggest fashion shopping destination in India. Co-founder of Flipkart Sachin Bansal took[Read More…]