×
90 787
Fashion Jobs
SAKS
Manager, Asset Protection - Wbfc
Permanent · WILKES-BARRE
BLOOMINGDALE'S
Manager, Sales - Handbags/Luggage/Womens Shoes
Permanent · Hackensack
BATH & BODY WORKS
Senior Manager, Content Production
Permanent · REYNOLDSBURG
HUDSON'S BAY
General Manager, The Wellery in Brookfield
Permanent · NEW YORK
HBC
General Manager, The Wellery in Brookfield
Permanent · New York
MACY'S
Manager, Weekend Operations (Fri to Sun, 6:30am to 6:30pm)
Permanent · Columbus
MACY'S
Asset Protection Detective, Castleton - Full Time
Permanent · Indianapolis
MACY'S
Manager, Merchandise Execution
Permanent · San Francisco
MACY'S
Asset Protection Officer, Columbus - Full Time (2840)
Permanent · Columbus
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
MACY'S
Asset Protection Detective, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
MACY'S
Inventory Control Processor, Chicago - Full Time (3200)
Permanent · Minooka
MACY'S
Asset Protection Captain, Antelope Valley - Full Time
Permanent · Palmdale
MACY'S
Beauty Account Coordinator - Clinique
Permanent · Alpharetta
MACY'S
Asset Protection Detective, Florida Mall - Full Time
Permanent · Orlando
MACY'S
Asset Protection Detective, Roseville Galleria - Full Time
Permanent · Roseville
MACY'S
Manager, Asset Protection - Multi Store
Permanent · Austin
MACY'S
Manager, Merchandise Execution
Permanent · Sarasota
ATHLETA
General Manager - The Gardens Mall
Permanent · Palm Beach Gardens
RAG & BONE
Sales Supervisor (Full -Time) - Georgetown Women's
Permanent · Washington
RAG & BONE
Sales Supervisor (Full -Time) - Atlanta
Permanent · Atlanta
CLARKS
Junior Finance Analyst
Permanent ·
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.