The board’s approval last week paved the way for the vertical demerger of Madura Fashion and Lifestyle business from ABFRL, culminating in the formation of a new entity named Aditya Birla Lifestyle Brands (ABLBL) Madura Fashion and Lifestyle, a prominent player in the fashion and lifestyle sector, is poised for a substantial reduction in debt […]
Aditya Birla Fashion and Retail (ABFRL), on Wednesday, reported a rise of 16 per cent in consolidated revenue from operations in the third quarter ended December 2023 despite muted demand, it said in a regulatory filing. In Q3 FY24, the company recorded consolidated revenue from operations at Rs 4,167 crore compared to Rs 3,589 crore […]
Aditya Birla Fashion and Retail (ABFRL) has partnered with French fashion designer Christian Louboutin, according to the company’s press release on Wednesday. Under the joint venture, Christian Louboutin India’s business will now be a new subsidiary of ABFRL where the partners will hold equal stakes. “This partnership reflects our commitment to offering our discerning customers […]
Aditya Birla Fashion and Retail (ABFRL) is picking up 29 per cent stake (1,87,08,227 shares) in TCNS Clothing. ABFRL has made a conditional open offer to acquire up to 29 per cent stake at Rs 503 per share from public shareholders and acquire the remaining stake from the founder promoters to reach an overall shareholding […]
Aditya Birla Fashion and Retail (ABFRL) on Friday said it will acquire 51 per cent of TCNS Clothing for Rs 1,650 crore. The deal will be undertaken with acquisition of promoter’s stake through a SPA and a conditional public open. The size of deal means that it would be one of the largest deals in […]
Aditya Birla Fashion and Retail Limited (ABFRL), one of India’s leading fashion companies, and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) announced the launch of the ‘Circularity Innovation Challenge 2023’. This initiative, in collaboration with Centre for Environment Education (CEE) and GIZ Leverist, aims to create a platform for innovators in the textile and apparel industry to develop innovative […]
Aditya Birla Fashion and Retail (ABFRL) reported a 94 per cent drop in consolidated net profit of Rs 11.21 crore for the third quarter ended December 2022, compared to a net profit of Rs 196.80 crore in the previous fiscal’s October-December quarter, as per company’s regulatory filing.. However, its income from operations climbed by 20.1 […]
