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Sunday, Jul 21, 2019
news about Walmart
May 10, 2018 17:38
India is important to both Amazon and Walmart. Neither company has done well in China. They don’t want to miss the bus in India. read more
May 10, 2018 17:14
In less than two weeks, Walmart has agreed to cede control of its British business to a competitor and spend $16 billion to acquire India’s e-commerce leader in its biggest-ever deal, fending off Amazon.com Inc. read more
May 10, 2018 16:56
“Our intent is, whether looking backwards related to our acquisition here or looking forward, we will be compliant with whatever the tax rules are,” Walmart chief executive officer Doug McMillon told reporters. read more
May 10, 2018 14:55
A lot of Flipkart’s values, Binny Bansal said, come from the strong belief in the company that Sachin brought and helped build a strong foundation. read more
May 10, 2018 14:15
The ESOP (employee stock options) buyback from Walmart will be the biggest ever in the Indian start-up ecosystem and is expected to turn a few hundred Flipkart employees into crorepatis. read more
May 10, 2018 13:17
At its 21 Best Price wholesale stores, Walmart sells everything from fast-moving consumer goods to furniture to other retailers and institutions. It could potentially use these Best Price stores as pickup and delivery points to service online sales made... read more
May 10, 2018 12:20
Krishnamurthy, the 46-year old former hedge-fund manager took some risks. He fired senior managers, set more-aggressive sales targets, boosted spending on promotions and promised to dominate India’s festival-season shopping. read more
May 10, 2018 11:12
Sachin Bansal said he will be “cheering from the outside” and urged Flipkart team to continue with their momentum. read more
May 10, 2018 10:55
If Walmart had $16 billion to invest in India, the money would’ve served Indian consumers better had it gone into stores that secured the supply chain for the basic goods, especially fresh produce, that are a big component of poorer Indians’ consumption... read more
May 10, 2018 08:34
Walmart acquired a 77% holding in Flipkart Group for $16 billion in the world’s biggest e-commerce deal. read more
May 09, 2018 23:06
Walmart’s shares took a beating hours after the retail giant announced $16 billion worth Flipkart deal. read more
May 09, 2018 18:43
Flipkart’s founders have been billionaires before, but they lost that status as the firm’s valuation dipped. It was valued at about $12 billion last year, according to researcher CB Insights. read more
May 09, 2018 17:36
Masayoshi Son, chief executive officer of SoftBank Group Corp, spilled the beans to a roomful of investors and journalists. read more
May 09, 2018 17:29
The deal with Flipkart gives Walmart greater access to India’s e-commerce market, which Morgan Stanley has estimated will grow to $200 billion in about a decade. Flipkart, meanwhile, gets additional capital and expertise to battle Amazon, which has spent... read more
May 09, 2018 14:41
Walmart will invest $2 billion in fresh capital into Flipkart, and buy the remaining stake from the company’s existing investors, thus valuing it around $18-$20 billion read more