Flipkart back to the company for approximately US$1.1 billion, and re-launch its own Indian operations. The company stated that "there is huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart, without disclosing terms of the sale. The acquisition was completed on 18 August 2018. Walmart also provided US$2 billion in equity funding to the company. On 13 November 2018, Flipkart CEO Binny Bansal resigned, after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not
John Collier (clothing retailer) factory to remain open was Hartlepool, after the closure of the Middlesbrough factory. The advertising tagline used in a number of variations over the years was "John Collier - The Window to Watch". John Collier (clothing retailer) John Collier was a British chain of shops selling men's clothes. Founded in Leeds in 1907 by Henry Price, the chain expanded to over 399 stores across the country, most of which traded under the Fifty Shilling Tailors brand. In 1958, the company was sold to UDS, which renamed it John Collier. It continued to trade within the UDS empire until 1983 when