Amazon launches own pet-food brand, Wag for dogs

USA - Amazon, the American ecommerce company has launched its own brand of pet food, Wag, a private label of pet food, stretching its retail muscles further into the pet business. According to Bloomberg, the Wag brand was launched with dry dog food and Amazon plans to expand the range into other pet supplies. The…

Walmart acquires Flipkart for US $16b in one of the largest-ever ecommerce deals

INDIA - Walmart Inc. on has announced its high profile acquisition of Flipkart for US$16 billion for a valuation of over US$20 billion, making it the largest ecommerce acquisition in the world. ET Retail has reported that the 77% acquisition deal of the Bengaluru-based company, as per sources, is also the largest buyout for the…