India: Flipkart picks up minority stake in Arvind Youth Brands for $34.6m

India: Flipkart picks up minority stake in Arvind Youth Brands for $34.6m

FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa/File photo

Flipkart Group has bought a minority stake in Arvind Fashions Ltd’s (AFL) recently created subsidiary Arvind Youth Brands for 260 crore. The company, which owns denim brand Flying Machine, plans to build the brand online and in India’s smaller markets.

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