Walmart To Expand Sourcing Of India-Made Goods
Endorsing India’s continuing rise as a global hub of manufacturing, Walmart said it will triple its exports of goods from India to $10 billion each year by 2027.
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Walmart Posts Strong Q3 As It Launches New Initiatives
As the COVID-19 pandemic enters a new phase, Walmart third quarter sales and earnings maintain momentum as consumers turn to it, in store and online, to meet their ongoing needs.
Molekule Enters India, Japan Markets
Molekule’s air purification solutions will now be available to Indian consumers through Amazon.in. This is Molekule’s first commercial entry into India. The company also entered the Japan market.
Lasko Enters Indian Market
Lasko Products will officially debut in the Indian market this year, with products in the premium tower fan category. The company also provides air purifiers, heaters, outdoor living products, humidifiers and other related products, which will be launched in India at a later date.
Walmart Settles With Feds Over Bribery Investigations
After a seven-year investigation, Walmart has entered into a global settlement with the United States Department of Justice and Securities and Exchange Commission regarding the company’s compliance with the U.S. Foreign Corrupt Practices Act, the retailer announced.
J.C. Penney Facility Receives Platinum LEED Certification
J.C. Penney’s global in-house center in Bangalore, India, has received a Platinum LEED, or Leadership in Energy and Environmental Design, rating by the U.S. Green Business Council (USGBC).
Williams-Sonoma To Expand Reach To India Market
Williams-Sonoma has formed a partnership with Reliance Brands Ltd., a subsidiary of Reliance Industries Ltd., to bring Pottery Barn, Pottery Barn Kids and West Elm to India through a franchise agreement.
Bansal Resigns As CEO Of Flipkart
Binny Bansal has resigned as CEO of Flipkart Group, Walmart’s recently acquired e-commerce business in India, effective immediately.
Walmart Completes Acquisition Of Flipkart
Walmart has completed its $16 billion acquisition of India’s e-commerce giant Flipkart.
Walmart Completes Sale Of Brazil Business To Advent
Walmart and Advent International have completed Advent’s previously announced investment in an 80% equity stake in Walmart Brazil. Walmart has retained a 20% stake in the business.
Walmart To Sell Majority Stake Of Brazil Business
Walmart is selling a majority stake in Walmart Brazil to Advent International, a global private equity investor group.
Walmart Makes Flipkart Investment Official
The much talked about deal between Walmart and Flipkart is now official, as the U.S.-based discounter is investing $16 billion in the India-based e-commerce outlet.
Report: Walmart To Acquire Majority Stake In Flipkart
The proverbial tennis match between Walmart and Amazon for the Flipkart Group appears to have gone Walmart’s way.
Report: Walmart Takes Stake In Flipkart
Walmart is reportedly in talks to buy a stake of more than 40% of Indian e-commerce firm Flipkart, a direct challenger to Amazon.com in India, according to a recent Reuters report.
Pottery Barn, Mukherjee Partner On Home Collection
Pottery Barn has unveiled an exclusive home goods collaboration with Indian fashion designer Sabyasachi Mukherjee. The line is the designer’s first foray into home furnishings.
Blueair Launches Operations In India
Blueair has entered the home environment market in India. The company has launched operations in the country and said it…
Ikea Reports Global Growth For Fiscal Year
Ikea reported a rise in full-year sales as consumer spending and global demand for its flat-pack furniture continue to pick…
Lowe’s Names Ram Managing Director For India Support Center
Lowe’s Companies, Inc. has announced that Narayan Ram will join the company as managing director for India, where he will…
Messe Frankfurt Readies Summer Launch For Ambiente India
Messe Frankfurt is exporting the concept of its Frankfurt, Germany-based international trade fair, Ambiente, to India. From June 19 to…