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
Mango (retailer) Mango (retailer) Punto Fa, S.L., trading as MANGO, is a Spanish clothing design and manufacturing company, founded in Barcelona, Catalonia, (Spain) by brothers Isak Andic and Nahman Andic. Mango has Woman's, Men's and Kids' collection. Mango's first website was created in 1995 and in year 2000, it opened its first online store. H. E. by Mango is a men's line created in 2008, and renamed Mango Man in 2014. Football legend Zinedine Zidane has become the new face of the Mango Man campaign. Mango has over 16,000 employees, 1,850 of whom work at the Hangar Design Centre and at its