Business Standard

Aditya Birla Fashion

ABFRL to demerge Madura Fashion & Lifestyle into separate listed entity

The aforesaid proposal will be subject to all statutory approvals from ABFRL board of directors, shareholders, creditors, regulators, along with other customary approvals

ABFRL to demerge Madura Fashion & Lifestyle into separate listed entity
Updated On : 01 Apr 2024 | 11:37 PM IST

Business Standard Manthan 2024: 'Next Chanel will be from India'

Panelists agree that Indian luxury brands will expand footprints across globe

Business Standard Manthan 2024: 'Next Chanel will be from India'
Updated On : 28 Mar 2024 | 11:32 PM IST

ABFRL Q3 result: Net loss at Rs 107.60 cr, revenue at Rs 4,166.71 cr

Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 107.60 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 11.21 crore during the October-December quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations was at Rs 4,166.71 during the quarter under review. In the year-ago period, the company's revenue from operations stood at Rs 3,588.80 crore. According to the Aditya Birla group firm, the consolidated financial results for the quarter ended December 31, 2023 are "not comparable with previous quarters" pursuant to the acquisition of TCNS Clothing and Styleverse Lifestyle. ABFRL's total expenses were at Rs 4,302.93 crore in the December quarter. Growth in the quarter was "driven by new businesses", ABFRL in an earnings statement said, adding the "overall market remained subdued leading to modest growth for the traditional portfolio." Its re

ABFRL Q3 result: Net loss at Rs 107.60 cr, revenue at Rs 4,166.71 cr
Updated On : 15 Feb 2024 | 1:43 PM IST

Aditya Birla Fashion forms JV to bring Christian Louboutin to India

"This joint venture envisages the transfer of the current Indian business into a newly incorporated subsidiary of ABFRL where the partners will hold equal stake," ABFRL said in a release

Aditya Birla Fashion forms JV to bring Christian Louboutin to India
Updated On : 06 Dec 2023 | 3:54 PM IST

Aditya Birla Fashion acquires 51% stake in TCNS Clothing, becomes promoter

Aditya Birla Fashion Retail Ltd (ABFRL) has completed the acquisition of a 51 per cent stake in TCNS Clothing to become a promoter of the women's apparel brand. "The company has acquired 51 per cent of the expanded share capital of TCNS, thereby acquiring control over TCNS," ABFRL said in a late night regulatory filing on Tuesday. TCNS has become a subsidiary of the company, and will also be a material subsidiary of the company in accordance with SEBI Listing Regulations, it added. On May 5, Aditya Birla Group firm had announced that it will acquire a majority stake in TCNS Clothing, in a deal worth Rs 1,650 crore. As per the deal, it acquired TCNS Clothing's founding promoter's stake through an SPA (Share Purchase Agreement), followed by an open offer. As per SPA, ABFRL acquired a total of 1.41 crore equity shares constituting 22 per cent of the expanded share capital of the company. "Consequently, post conditional open offer and SPA closing, the company acquired 3.29 crore equi

Aditya Birla Fashion acquires 51% stake in TCNS Clothing, becomes promoter
Updated On : 27 Sep 2023 | 11:24 AM IST

CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion

The proposed combination involves acquisition of 51% of the expanded share capital of TCNS Clothing Co Limited by the Aditya Birla Fashion and Retail Limited

CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion
Updated On : 27 Jun 2023 | 7:20 PM IST

Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip
Updated On : 08 May 2023 | 4:30 PM IST

Birla scions Ananya & Aryaman join Aditya Birla Fashion & Retail Board

Ananya Birla is a business woman and platinum selling artist. She founded her first company, Svatantra Microfin at the age of 17 which is amongst India's fastest growing MFI's

Birla scions Ananya & Aryaman join Aditya Birla Fashion & Retail Board
Updated On : 30 Jan 2023 | 11:32 PM IST

Aditya Birla Group led incubator buys majority stake in 8 lifestyle brands

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

Aditya Birla Group led incubator buys majority stake in 8 lifestyle brands
Updated On : 28 Nov 2022 | 11:16 PM IST

Aditya Birla to bring luxury department stores Galeries Lafayette to India

Flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands

Aditya Birla to bring luxury department stores Galeries Lafayette to India
Updated On : 17 Nov 2022 | 7:32 PM IST

In-store sales back in vogue: Apparel retailers see record revenues in Q2

Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter

In-store sales back in vogue: Apparel retailers see record revenues in Q2
Updated On : 14 Nov 2022 | 11:45 PM IST

Aditya Birla Fashion Q2 revenue up 50%, hits lifetime high; profit rises 6x

ABFRL is aggressively expanding its network across brands with Pantaloons adding 21 outlets on a net basis and the branded business taking the store count up by 85

Aditya Birla Fashion Q2 revenue up 50%, hits lifetime high; profit rises 6x
Updated On : 04 Nov 2022 | 9:56 PM IST

Stocks to Watch: Britannia, GAIL, Reliance, Adani Enterprises, Paytm, Nykaa

Stocks to Watch: With oil prices staging a dramatic reversal, related stocks, along with rate-sensitive sectors will be on the radar as RBI announces its monetary policy outcome Friday.

Stocks to Watch: Britannia, GAIL, Reliance, Adani Enterprises, Paytm, Nykaa
Updated On : 05 Aug 2022 | 7:50 AM IST

Aditya Birla launches digital venture TMRW in fashion and lifestyle space

TMRW will create India's largest portfolio of disruptor brands in the fashion & lifestyle space and enable the next phase of direct-to-consumer growth in India

Aditya Birla launches digital venture TMRW in fashion and lifestyle space
Updated On : 02 Jun 2022 | 1:54 AM IST

Aditya Birla Fashion selects Accenture to speed up its digital shift

Accenture will design, develop, and deploy an ERP system based on SAP S/4HANA to streamline business processes, improve visibility and accessibility of data across ABFRL

Aditya Birla Fashion selects Accenture to speed up its digital shift
Updated On : 22 Feb 2022 | 11:08 PM IST

Accenture to drive digital transformation at Aditya Birla Fashion

Accenture will develop an Enterprise resource planning system (ERP) to streamline business processes and accessibility of data across clothing brand's stores for Aditya Birla Fashion.

Accenture to drive digital transformation at Aditya Birla Fashion
Updated On : 22 Feb 2022 | 12:49 PM IST

Aditya Birla Fashion Q3 net profit up over three-folds at Rs 196.80 crore

Aditya Birla Fashion and Retail Ltd reported an over three-fold jump in its net profit at Rs 196.80 crore for the third quarter ended December 2021

Aditya Birla Fashion Q3 net profit up over three-folds at Rs 196.80 crore
Updated On : 04 Feb 2022 | 8:59 PM IST

Aditya Birla Fashion to buy 51% stake in House of Masaba for $12.14 million

ABFRL picked up a 51% stake in luxury wedding wear brand Sabyasachi in January last year, while Reliance Retail bought 52% of designer label Ritu Kumar in October

Aditya Birla Fashion to buy 51% stake in House of Masaba for $12.14 million
Updated On : 14 Jan 2022 | 1:21 PM IST

Aditya Birla Fashion and Retail to take over Reebok's operations in India

This deal marks ABFRL's foray into India's fast-growing sports and activewear segment

Aditya Birla Fashion and Retail to take over Reebok's operations in India
Updated On : 15 Dec 2021 | 1:13 AM IST

Pandemic impacted footfall; activity may rise after Q1: Aditya Birla Fashion

As on May 25, 2021, the firm's 419 stores, out of a total network of 3,212 stores were operational.

Pandemic impacted footfall; activity may rise after Q1: Aditya Birla Fashion
Updated On : 29 May 2021 | 6:01 PM IST