Indian e-commerce giant Flipkart has acquired another fashion retail website, beating competitors Snapdeal to the chase. Myntra, owned by Flipkart, has acquired Jabong for $70 million from Global Fashion Group. Khaitan & Co acted for Flipkart, through a team led by Partner Ganesh Prasad and including Senior Associate Rohith Rajendran and Associate H Muralikrishnan. BMR Legal represented Global Fashion Group, which previously owned Jabong. The team was led by Partner Amit Khansaheb and included Principal Vishruta Kaul and Senior Associate Deep Jain. According to Livemint, the sale marks one of the most dramatic declines in India’s online retail business. At […]
The post Flipkart-owned Myntra goes shopping for Jabong; Khaitan, BMR on $70 million deal
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