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
Maplin (retailer) Maplin (retailer) Maplin Electronics, trading as Maplin, was a retailer of electronic goods in the United Kingdom and Ireland. In June 2017, there were 217 Maplin stores. The company also operated an extensive online, telephone and mail order service. On 28 February 2018, Maplin went into administration, placing 2,500 jobs at risk, and on 25 June 2018 all Maplin stores ceased trading. In August 2018, Peter Jones purchased the Maplin name and is making a Maplin themed website to open soon as an online only shop. Maplin Electronic Supplies was established in 1972 as a mail order business by Roger