Myntra-Jabong CEO Ananth Narayanan likely to quit after reporting rejig

Move triggered by change in reporting structure, possible Myntra-Flipkart integration

Ananth Narayanan, chief executive officer (CEO) of online fashion retailers Myntra and Jabong, is likely to step down from the position after parent Flipkart rejigged its reporting structure, following the exit of co-founder and Group CEO Binny Bansal on Tuesday.

While the Walmart-backed company has said it is going to be business as usual, multiple sources told Business Standard that the change in the reporting structure is a precursor to the integration of Myntra and Jabong with the larger Flipkart Fashion unit. 

According to the new reporting structure announced by Walmart in a filing with the US Securities and Exchange