BusinessJabong Sale Likely To Be Finalized In Six Months: Report
ADVERTISEMENT
Jabong Sale Likely To Be Finalized In Six Months: Report
Online fashion retailer Jabong is looking for buyers, say media reports
Snapdeal and Flipkart are among some of the suitors for Jabong
Jabong has been scaling down discounts to focus on profitability
Jabong's story reflects the ongoing consolidation in the domestic e-commerce industry
Online fashion retailer Jabong.com, which has been looking for a buyer for some time now, may not get its asking price of $250 million to $300 million, according to media reports. However, the sale process is likely to be completed in the next six months, the reports added.
Mint newspaper, citing sources, said on Monday that Snapdeal, Flipkart and Aditya Birla Group are among some of the suitors for Jabong, owned by Global Fashion G...