The development comes just a week after the e-commerce major named Amar Nagaram as head of Myntra-Jabong, following the resignation of Ananth Narayanan as its CEO.
Why Bollywood stars like Hrithik Roshan, Alia Bhatt are the collateral damage in new FDI ecomm rules
Hrithik Roshan’s HRX, Deepika Padukone’s All About You, Saif Ali Khan’s House of Pataudi and Alia Bhatt For Jabong to be hit as Myntra and Jabong hold stakes in them.
This would be a blow as Amazon was the only retailer to have committed investment in the segment.
Bansal said his company is not impacted by the December policy as his company is a manufacturer and Lenskart produces its own eyewear brands.
“There will be short-term panic, but it will even out in the long term,” Lalbhai said on the latest additions to the ecommerce FDI regulations.
A day before Christmas, there were long queues at various stores including Zara and M&S in Ambience Mall in Gurugram where the mall said footfall has been up by about 20% this year.
If Amazon Retail India Pvt. Ltd (ARIPL) can continue selling on its marketplace or has to stop from February 1, when the new guidelines take effect.
The budgets for festive decorations and the celebrations have gone up.
The Nasdaq-listed MakeMyTrip alleged that these companies are not only using “deceptively similar sounding names” but some of them have also copied its logo.
Sellers like Licious are trying to bring convenience and hygiene to the unorganised business
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