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
Fopp (retailer) Fopp (retailer) Fopp is a Scottish chain of retail stores selling music, film, books and other entertainment products in the pUnited Kingdom. It is owned by HMV. The company began as a one-man stall in Glasgow, Scotland in 1981. The name "Fopp" comes from the title of a song by the Ohio Players on their 1975 album "Honey". By 2007, Fopp had expanded to become a chain of over 100 branches in the UK. With the demise of rival chain Music Zone, Fopp became the third largest specialist music retailer in the UK in terms of store numbers (after HMV