Jabong, owned by Global Fashion Group (GFG), has had problems riding the e-commerce growth wave. It’s co-founder Arun Chandra Mohan quit earlier this month and Praveen Sinha, the other co-founder is also said to be on his way out. On top of that, the company posted a loss of Rs 454 crore in the year ended December 31, 2014, although all of its peers are also in the red.
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