Amazon has signed a deal that could give it a huge edge over Walmart in India
After years of speculation, American e-commerce giant Amazon Inc. has finally inched closer to holding a stake in one of India’s largest brick-and-mortar retailers. Yesterday (Aug. 22), Future Retail informed Indian stock exchanges (pdf) that Amazon has signed a deal to buy a 49% stake in Future Coupons, which holds a minority stake in the Indian retailer that runs the popular Big Bazaar hypermarket chain. Amazon also has an option to increase or even acquire the entire stake in Future Coupons.
