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127
Fashion Jobs
ALFA SOLUTIONS
Production Manager
Permanent · Chennai
ALFA SOLUTIONS
Production Manager, Senior Production Manager, Production Head
Permanent · Chennai
TERRAIN INFRATECH
Factory Manager || Production Manager || Bilaspur || Binola |
Permanent · Gurugram
CORPORATE RESOURCES
Merchandising Manager (Knitted Garments)
Permanent · Tiruppur
BELIEVERS GROUP
Production Manager- Government Banking
Permanent · Mumbai
KARAMTARA ENGINEERING PVT. LTD.
dy. Manager / Manager - Production @ Tarapur
Permanent · Tarapur
RELIANCE INDUSTRIES LTD
Sales Officer - Reliance Ajio Business B2B
Permanent · Hyderabad
THE GLOBAL ZONE HR SERVICES
Production Manager (Mechanical Engineer)
Permanent · Gurugram
VOLTECH HR SERVICES PVT LTD
Production Manager - Concrete Batching Plant
Permanent · Chennai
LARSEN & TOUBRO LIMITED
Production Manager, Senior Production Manager, Production Head
Permanent · Chennai
LARSEN & TOUBRO LIMITED
Production Manager
Permanent · Nagpur
LARSEN & TOUBRO LIMITED
HR Manager/ Recruitment Manager
Permanent · Chennai
LARSEN & TOUBRO LIMITED
Production Manager
Permanent · Chennai
EXPLODE SERVICES
Female Business Development Manger - Garment Export
Permanent · Noida
MUMBAI ROZGAAR PRIVATE LIMITED
Hiring Field Sales Executive For Garment Industry-Andheri East
Permanent · Mumbai
ACE MANAGEMENT SERVICES
Sales Executives Reqd For Textile Garment Industry i Dakshin Kanada
Permanent · Mangalore
CARAT LANE TRADING PVT LTD
Production Manager & Quality Analyst, Shaya by Caratlane
Permanent · Jaipur
OUTHOUSE JEWELLERY
e- Commerce Merchandiser & Sales Executive
Permanent · MUMBAI
XPERTZ INNOVATIONS PRIVATE LIMITED
Sales Manager Retail Store - Calicut (Apparels Industry)
Permanent · Kozhikode
PARVATI FABRICS LIMITED
Merchandiser
Permanent · SURAT
PARVATI FABRICS LIMITED
PR Manager
Permanent · SURAT
NETE.IN
Order Fulfilment & CRM
Permanent · MUMBAI
By
Reuters
Published
Oct 23, 2020
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Flipkart to buy 8 percent stake in Aditya Birla's fashion unit for $204 million

By
Reuters
Published
Oct 23, 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.

© Thomson Reuters 2020 All rights reserved.