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’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 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.
Binny Bansal has resigned as CEO of Flipkart Group, Walmart’s recently acquired e-commerce business in India, effective immediately.
Walmart has completed its $16 billion acquisition of India’s e-commerce giant Flipkart.
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 is selling a majority stake in Walmart Brazil to Advent International, a global private equity investor group.
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.
The proverbial tennis match between Walmart and Amazon for the Flipkart Group appears to have gone Walmart’s way.
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 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 has entered the home environment market in India. The company has launched operations in the country and said it…
Ikea reported a rise in full-year sales as consumer spending and global demand for its flat-pack furniture continue to pick…
Lowe’s Companies, Inc. has announced that Narayan Ram will join the company as managing director for India, where he will…
Messe Frankfurt is exporting the concept of its Frankfurt, Germany-based international trade fair, Ambiente, to India. From June 19 to…