Marks & Spencer has announced the appointment of James Munson as managing director of the company, starting May. Munson will be responsible to grow Marks & Spencer’s joint venture business in India with Reliance Retail.
India's top e-commerce firm Flipkart has raised $1.4 billion in its biggest fundraising to date as it takes on U.S. tech giant Amazon.com Inc for a larger share of the country's burgeoning online retail market.
Myntra said it has bagged master distribution and management rights for Spanish brand Mango in India, the first time that an e-commerce player will manage the omni-channel strategy for a global fashion brand.
India's largest e-commerce retailer, Flipkart, is in talks to raise up to $1.5 billion from investors including Microsoft Corp, eBay Inc, PayPal Holdings Inc and Tencent Holdings Ltd at a valuation of $10-12 billion.