Jabong Sold To Myntra: The Solid Hangover Of The Month

Jabong

Jabong The Popular E-Commerce Fashion Brand is the victim of some Surprises which were made by Their Parent Organisation GFG( Global Fashion Group ). Jabong is Sold to Rival Company Myntra for $70 Million and The Deal was cut on the Terms To receive immediate Cash which can be used to reinvest in other GFG Businesses.

You wanna know why this was the Hangover of this month July Because The Estimated Value of Jabong Few Months Back was Around $ 400 Million and above but to Receive Cash GFG decided to sell Jabong for just $ 70 million.

Myntra Just got the hottest deal in the E-Commerce Fashion market Jabong was one of their fierce Competitor for many years and Now Myntra is The Owner of Jabong Their way to make more Money is clear now. Congratulations To Myntra Brand On buying Jabong in a Very Good deal.

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