×
7 334
Fashion Jobs
FRASERS GROUP
Warehouse Supervisor - Night Shift
Permanent · SHIREBROOK
FRASERS GROUP
Warehouse Section Manager - Night Shift
Permanent · SHIREBROOK
HARRODS
Buyer
Permanent · LONDON
HEAD OFFICE
SEO Copywriter, Financial Services
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · HIGH WYCOMBE
JOHN LEWIS
Loss Prevention Partner
Permanent · KINGSTON UPON THAMES
JOHN LEWIS
Loss Prevention Partner
Permanent · READING
STRADIVARIUS
General Manager - Stradivarius Liffey
Permanent · DUBLIN
MULBERRY
Warehouse Operative
Permanent · SHEPTON MALLET
NEXT
Stock Coordinator - Hatfield Oldings
Permanent · HATFIELD
NEXT
Delivery Coordinator - Horsham
Permanent · HORSHAM
MASSIMO DUTTI
Massimo Dutti Central London - General Manager
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Boots, Uxbridge - 5.5 Hours/Week - Part Time, Permanent
Permanent · Uxbridge
ESTEE LAUDER
Clinique - Consultant - Boots Bon Accord, Aberdeen - 15 Hours - Part Time, Permanent
Permanent · Aberdeen
SELFRIDGES
Stock Operative- Full Time - Menswear
Permanent · BIRMINGHAM
URBN
Urban Outfitters Buying Coordinator - London, UK
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor - New Store
Permanent · DERBY
GAME
Assistant Trade Marketing Manager
Permanent · BASINGSTOKE
MULBERRY
Digital Stock Operative
Permanent ·
HEAD OFFICE
Buyer l7
Permanent · BRACKNELL
SUPERDRY
CRM Executive
Permanent · CHELTENHAM
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · ST HELENS
By
Reuters API
Published
Apr 4, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon may offer to buy India's Flipkart

By
Reuters API
Published
Apr 4, 2018

Amazon.com Inc may submit an offer to buy Indian e-commerce firm Flipkart, which is currently in talks with Walmart Inc for a stake sale, local daily Mint reported, citing sources.

Reuters



A deal with Walmart is more likely to go through, according to people with knowledge of the matter, the report added.

Amazon declined to comment while Flipkart did not immediately respond to a request seeking comment.

Walmart is in talks to buy a stake of over 40 percent in Flipkart, a direct challenge to Amazon in Asia's third-largest economy.

The U.S. retailer will buy a majority stake through a mix of primary and secondary share purchases in a deal that could value Flipkart at $21 billion(£14.9 billion), the Mint report said.

The deal with Walmart is expected to aid Flipkart in its fight against Amazon, which has committed to investing $5 billion in India as it expands aggressively, including into online grocery deliveries, which analysts tip as the next big battleground for the country's e-commerce sector.

Flipkart, founded by former Amazon employees Sachin Bansal and Binny Bansal in 2007, controls nearly 40 percent of India's online retail, ahead of Amazon, according to estimates by research firm Forrester.

© Thomson Reuters 2022 All rights reserved.