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
Record Retailer Record Retailer Record Retailer was a trade newspaper for the UK record industry. It was founded in August 1959 as a monthly newspaper covering both labels and dealers. Its founding editor was Roy Parker (who died on 27 December 1964). The title changed to "Record Retailer and Music Industry News" shortly after launch. With its issue of 10 March 1960, "Record Retailer" became a weekly magazine and started a chart showing the top 50 records in sales. For the period until February 1969, when a standardised UK chart was established with the British Market Research Bureau, the Official Charts Company