25 March 2022, Mumbai:
Cocoblu Retail is going to take over the fashion, apparel, and accessories business of Amazon's largest seller Cloudtail, which is going to shut down in about a month's time.
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Amazon will not hold any equity in Cocoblu Retail, the way it has stayed away from another new seller, Dawntech Electronics, which has taken over Cloudtail's electronics business since last November.
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Dawntech is owned by South's leading real estate company, Salarpuria- Sattva Group.
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CREDITS: ET Dt 25-03-2022 (The news article has not been edited by the DFU Publications staff).
