Aditya Birla Fashion and Retail Limited (ABFRL), an Indian fashion and apparel company which is part of the Aditya Birla Group, has agreed to take a controlling stake of 51% in TCNS Clothing, a women’s branded apparel company, for a sum of around INR 1,650 crores. The India-based TCNS Clothing owns ethnic brands such as […]
Aditya Birla Fashion and Retail Limited (ABFRL) said that it will acquire a stake of 51% in the House of Masaba Lifestyle Private Limited (HMLPL) for a sum of around INR 90 crores. By acquiring the stake, the Aditya Birla Group company will enter into a partnership with Indian designer Masaba Gupta to develop a […]
Aditya Birla Fashion and Retail Limited (ABFRL), an Indian fashion company, has signed a licensing deal with Authentic Brands Group (ABG) to gain exclusive rights for the distribution and selling of Reebok products in Indian and other ASEAN nations. The consideration towards purchase of inventory and other current assets and liabilities for the Aditya Birla […]
Aditya Birla Fashion and Retail (ABFRL) has announced plans to acquire a stake of 51% in Indian designer brand Sabyasachi for INR 3.98 billion ($55 million). Sabyasachi’s revenues for FY20 was INR 2.74 billion. The designer brand is owned by Sabyasachi Mukherjee who founded it in 1999. Sabyasachi Mukherjee has designed costumes for various Bollywood […]