Myntra future uncertain as Walmart puts it under Flipkart1 min read 14 Nov 2018, 02:34 AM IST
Walmart, however, is still evaluating if there was sufficient differentiation between Flipkart and Myntra for the online fashion retailer to continue as an independent company
Bengaluru: Walmart Inc.’s latest decision to put Myntra and Jabong under Flipkart has created uncertainty about the direction of the specialty online retailers, which had largely operated independently within the Flipkart Group since Myntra was acquired by the e-commerce firm in 2014. Two people familiar with the matter said that Walmart was still evaluating if there was sufficient differentiation between Flipkart and Myntra for the latter to continue as an independent company.
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