Amazon, Flipkart eye stake in Aditya Birla Retail to win online fashion battle
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Looking to gain a leg up in the online fashion battle, Amazon and Flipkart are currently eyeing a stake in Aditya Birla Fashion and Retail, which owns brands like Pantaloons, Allen Solly and Peter England. The ecommerce marketplace giants are said to be separately in talks to acquire a minority stake in the company, which has a network of 3,004 stores and a presence across 23,700 multi-brand outlets.