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After many twists and turns, including prolonged legal battles up to the Supreme Court and international arbitration proceedings, Reliance Industries Ltd (RIL) has called off the deal with Future Retail Ltd (FRL) after FRL’s secured creditors voted against the scheme.
The teams for the inaugural broadcast under Amazon’s new deal will be announced on Thursday night.
Don't assume their recent performances are a reflection of what's brewing for these outfits.
We believe Rakuten is poised to benefit from the rise of the e-commerce market in Japan with a leading position only behind Amazon and high customer satisfaction.
They'll be worth the wait for investors patient enough to give them the time they need to fully bloom.