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Fashion Jobs
L'OREAL GROUP
Data &Analytics Senior Project Manager
Permanent · Singapore
L'OREAL GROUP
Regional Digital IT Operation Manager
Permanent · Singapore
L'OREAL GROUP
Regional Retail Education Manager, Luxe Division
Permanent · Singapore
L'OREAL GROUP
o2o Service Manager-Regional Digital IT
Permanent · Singapore
L'OREAL GROUP
Social Commerce & Business Project Manager, South Apac Middle East North Africa
Permanent · Singapore
L'OREAL GROUP
Lancôme Consultant
Permanent · Singapore
L'OREAL GROUP
E-Commerce & Digital Project Manager
Permanent · Singapore
L'OREAL GROUP
Digital & E-Commerce Manager
Permanent · Singapore
L'OREAL GROUP
Senior Supply Chain Controller
Permanent · Singapore
L'OREAL GROUP
E-Key Account Manager (Luxe)
Permanent · Singapore
L'OREAL GROUP
Regional IT Telecom Manager
Permanent · Singapore
L'OREAL GROUP
Program Manager-North Asia&Sapmena IT
Permanent · Singapore
CLINIQUE
Regional Marketing Director - Clinique, dr Jart+, Travel Retail Apac
Permanent · Singapore
L'OREAL GROUP
Senior Digital IT Project Manager
Permanent · Singapore
L'OREAL GROUP
Visual Merchandising & Trade Marketing Apprentice
Permanent · Singapore
L'OREAL GROUP
2h2021 - Online Brand Management Intern
Internship · Singapore
L'OREAL GROUP
2h2021 - Marketing Intern
Internship · Singapore
L'OREAL GROUP
Data &Analytics Technology Manager
Permanent · Singapore
L'OREAL GROUP
2h2021 - Marketing Analytics Intern
Internship · Singapore
L'OREAL GROUP
2h2021 - Development Marketing International Intern
Internship · Singapore
L'OREAL GROUP
2h2021 - Digital Media Performance Intern
Internship · Singapore
L'OREAL GROUP
Retail Design Manager (Zone)
Permanent · Singapore
By
Reuters
Published
Oct 26, 2020
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Flipkart to buy 8 percent stake in Aditya Birla's fashion unit for $204 million

By
Reuters
Published
Oct 26, 2020

Walmart Inc’s Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), the fashion retail company said, sending its shares up 6 percent on Friday.


Flipkart to buy 8% stake in Aditya Birla's fashion unit for $204 million


The investment comes at a time when Amazon.com Inc, billionaire Mukesh Ambani-led Reliance Industries and Flipkart are in a race to gain market share in India’s fast-growing online market for food and groceries.

“Fashion retail in India is set for robust long-term growth due to strong fundamentals of a large and growing middle class... Rapid growth of technology infrastructure will further accelerate this process,” Aditya Birla Group Chairman Kumar Mangalam Birla said.

With the COVID-19 pandemic keeping most people indoors, Indians are turning to online platforms for all purchases from bread to phones to clothes.

Media reports here had said both Amazon and Flipkart were in the race to pick a stake in Aditya Birla Fashion and Retail, which owns and operates the Pantaloons retail chain and owns rights to sell Forever 21 merchandise in India.

Aditya Birla said it would use the money to strengthen its balance sheet as it scales up its businesses.

Shares of Aditya Birla Fashion and Retail surged as much as 6.5 percent to 163.45 rupees, their highest since March 30.

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