26 JULY, 2016
Global Fashion Group Announces the Sale of Jabong to Flipkart Group
Global Fashion Group (GFG) has entered into a definitive agreement to sell Jabong, its Indian business, to Flipkart Group for US$70 million in cash. The transaction is a decisive step in GFG’s strategy to refocus its business on core markets and further accelerate its path to profitability.
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