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Walmart Sells India Stores to Flipkart Subsidiary

By
Anissa Gardizy
· · Source: The Information

Walmart is selling its India store chain to its local ecommerce subsidiary, Flipkart, bolstering Flipkart’s wholesale arm and strengthening its market position amid growing competition with Amazon. The acquisition will allow Flipkart to take advantage of Walmart’s 28 cash-and-carry clubs, which it runs under the Best Price brand. The terms of the deal were not disclosed. Best Price has more than...

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