Flipkart Wholesale on Thursday said it is in final stages of consolidating Walmart India within its operations, and has extended offers to all employees of Walmart India’s home office to join the digital business-to-business (B2B) marketplace.
Walmart India | azlyrics.org.uk
Flipkart goup on Thursday announced the launch of Flipkart Wholesale, a new digital marketplace, and the acquisition of 100 per cent interest in WalMart India Private Limited, which operates the Best Price cash-and-carry business.
Flipkart group is likely to acquire the loss-making wholesale cash-and-carry business of its parent US retail giant Walmart in India. The move comes shortly after talks with the Tata Group, which was looking to pick up a stake in Walmart India, made no headway.
Walmart announced layoffs of more than 100 execs across sourcing, agri-biz & FMCG. More people will probably have to leave later in the year.