Walmart’s Flipkart To Acquire Retail Giant’s Indian Stores
PYMNTS
JULY 23, 2020
Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. The stores operate like warehouse clubs, serving independent retailers and other small businesses. Under India’s regulations, Walmart cannot sell directly to consumers through its websites or open supercenters.
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