Flipkart invests Rs 260 crore
The Flipkart Group in July announced it has invested ...
The Flipkart Group in July announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL). Arvind Youth Brands owns the popular Flying Machine denim brand that has been retailing on Flipkart and Myntra for more than six years.
With this investment, the Flipkart Group and Arvind Fashions will work collaboratively to identify opportunities and synergies to innovate and develop products with strong value propositions at attractive price points, the ecommerce platform said in a statement.
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EDITOR'S DESK, Jul 2024
Fourteen years ago the Conservative Party in the U.K. had stormed to power on the back of an effective “vote for change” slogan. That was the year 2010, and the British people were indeed looking for change. They voted in the country’s main right wing party, hoping that change was not too distant a dream. Five years rolled by quickly for the Tories...
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