Walmart Completes Due Diligence to Buy Controlling Interest of India’s Flipkart

Walmart completed a thorough due diligence process on e-commerce retailer Flipkart this week, as the U.S. retail giant looks to take a controlling stake of 51% or more in the Indian company.

Walmart has already proposed a shareholder agreement and is looking to pay from $10 billion to $12 billion. This value Flipkart at roughly $20 billion.

A stake in Flipkart would pit Walmart against in India and local media have reported that Amazon is exploring a rival offer for India’s largest e-retailer.

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Christopher Durham is the president of My Private Brand and the co-founder of The Vertex Awards. He is a strategist, author, consultant and retailer who built brands at Delhaize-owned Food Lion, and lead strategy and brand development for Lowe’s Home Improvement. He has consulted with retailers around the world on their private brand portfolios including: Family Dollar, Petco, Staples, Office Depot, Best Buy, Metro (Canada), TLW (Taiwan) and Hola (Taiwan). Durham has published five definitive books on private brands, including his first book, Fifty2: The My Private Brand Project. In 2017, he will debut his newest book, Vanguard: Vintage Originals, a visual tour of innovation and disruption in private brand going back to the mid-1800’s. Dynamic in his presentation while down to earth and frank in his opinions, he has presented at numerous conferences, including FUSE, The Dieline Conference, Packaging that Sells, Omnishopper and PLMA’a annual trade show in Chicago. Durham lives in Charlotte, NC with his wife, Laraine, and two daughters, Olivia and Sarah.