Aditya Birla unit to acquire stake in designer brand Sabyasachi
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 […]