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
Nicolas (wine retailer) Nicolas (wine retailer) Nicolas is a French wine retailer, which also has stores in other countries. Nicolas is a French wine specialist established in Paris in 1822 and operating in London since 1989. The first Nicolas stores were opened in Paris in 1822, and the chain has since grown to include over 400 branches throughout France, with a number of branches in the UK, Belgium, Germany and Poland. In 1988, Nicolas was bought by Groupe Castel. Nicolas has 530 stores in total, located in major town and cities throughout France and abroad, notably Great Britain: there are 44 branches in