Amazon Fashion has launched five of its own private-label brands in Europe, but another 103 have already been introduced in the US by the web giant, although it denies claims it is competing with client brands.
Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co, Unilever Plc and The Body Shop are rolling out more products in refillable form.
Walmart-owned digital payment firm Phonepe saw its losses more than double to Rs 1,907 crore ($268.8 million) for the financial year 2018-19 as against Rs 791 crore it had reported in the previous fiscal.
Flipkart Internet, which runs Flipkart’s e-commerce platform, reported Rs 1,624 crore ($244.11 million) losses in the 2019 financial year, a 40% year-on-year increase. The results suggest a new phase of investment.