FLIPKART is on its path to profitability and “IPO is very much on the cards”, said Walmart Chief Financial Officer (CFO) and Executive Vice President Brett Biggs. However, he did not specify any timeline for it.
“The (Flipkart) business is performing almost exactly like we thought it would. Growth is good. We are going to continue to invest and take opportunities to grow that business, not just in retail but other areas (too),” said Biggs at the Morgan Stanley Global Consumer & Retail conference, which was held recently.
He said the business is certainly on its path to profitability. “We expect that or we wouldn’t have gotten into the business,” he said.
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Diese Geschichte stammt aus der December 09, 2021-Ausgabe von The Morning Standard.
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