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Amar Nagaram has been named as the Head of Myntra and Jabong.
The new hierarchy as announced by majority owner Walmart Narayanan was made to report Flipkart CEO Kalyan Krishnamurthy
The first of its kind ethnic wear brand for men and women with a fusion of antiquity and modernism
The company targets to sign up 10 million consumers in 1 year
The January-December financial year following company had posted a net profit of Rs 263.43 crore for the April-June quarter of 2017-18.
The development marks a clear intent of the Noida-based Paytm to take on the current leader in the segment, Book-MyShow, which has been focusing on its events business
While the firm has been able to reduce losses by a fourth while doubling revenues, costs have not been redressed. Advertising expenses alone grew almost 59% to Rs 289
The festival features a highly curated range of collection from the most renowned international, luxury, designer, beauty, accessories, and athleisure brands.
After acquiring Jabong for $70 million in a distress sale in 2016 from Rocket Internet, Flipkart group has been attempting a turnaround of the Gurgaon-based online
Of the turnover 94% had come from trading business and the remaining 6% from data processing hosting and related activities and its Web portal.
Myntra is expecting to clock 25x in sales over a normal day on day one of the sale its sister company Jabong which would also partake in the sale is expecting 15x sales
Flipkart Group Company aims to clock total revenue rate of USD 2 billion by March 2018
“I have bought wines from Bordeaux (France) just for my daughters (aged 12, 9 and 6). I will allow the wines to age and hand them over as vintage when they grow up”:
Absolute expenses and expenses in percentage of sales for the quarter ended September are not comparable with the previous periods due to GST implementation from July 1
Myntra, which has partnered with select retail companies to curate MANGO's offline business in India, will help MANGO to expand its omni-channel strategy in India