Tag: Amazon Jabong Deal
-
Amazon To Acquire Jabong For $1.2 Billion
As the style keeps changing, clothing industry remains a higher margin, fast growing and evergreen business. American online retail giant Amazon is planning to buy the fashion portal Jabong.com as its first acquisition in India for $1.2 billion as reported by VCCircle. Jabong is backed by Rocket Internet, which had incubated the company and invested…