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Walmart takes a $290 million impairment on Jabong
November 14, 2019 | By The Times of India
business
Flipkart has been struggling to figure out a definitive long-term strategy for the fashion portal.
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BENGALURU: US retail behemoth Walmart incurred a non-cash impairment charge of $290 million on account of it writing off its investment in fashion portal Jabong, Chief Financial Officer Brett Biggs disclosed in an earnings call. When it bought Flipkart last
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