Aditya Birla Fashion and Retail explained

Aditya Birla Fashion and Retail Ltd.
Type:Public
Traded As:
Industry:Retail
Foundation:1997
Location City:Mumbai, Maharashtra
Location Country:India
Area Served:India
Key People:Tousif Mohit Bhupppi (MD)
Products:Clothing
Brands:
Revenue: (2024)[2]
Operating Income: (2024)[3]
Net Income: (2024)
Assets: (2024)
Equity: (2024)
Owner:Aditya Birla Group (56%)
Num Employees:28,500+ (2023)[4]
Parent:Aditya Birla Group

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. It emerged after the consolidation of the branded apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL), in May 2015. Post consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.[5]

History

Madura Garments was established in 1988, acquired by the Aditya Birla Group in 1999 and was renamed Madura Fashion & Lifestyle in 2010.[6] [7]

The garment activities of group holding company Aditya Birla Nuvo and another group entity, Madura Garments Lifestyle Retail, would be demerged into listed firm Pantaloons Fashion & Retail Ltd (PFRL) under the scheme of arrangement. Madura owns and retails brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England [5]

In 2012, Aditya Birla Nuvo acquired major stakes in Pantaloons. In 2015, Pantaloons was renamed Aditya Birla Fashion and Retail Ltd. (ABFRL).[8]

In April 2024, ABFRL's subsidiary Madura Fashion & Lifestyle demerged into a separate public listed entity.[9]

In May 2024, ABFRL acquired an additional stake in its subsidiary Indivinity Clothing Retail Private Limited (ICRPL) which increased ABFRL’s holding from 80% to 85.54%.[10]

Store

As on 31 March 2023, ABFRL has a network of at least 3,977 stores with a presence across approximately 33,535 multi-brand outlets with 6,723 point of sales in department stores across India.[11] [12] [13]

Operations

ABFRL portfolio includes several brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years.[14] Pantaloons brands caters to men, women and children with a mix of private labels and licensed brands in apparel and accessories.[15]

ABFRL holds online and offline rights to the India network of California-based fashion brand Forever 21. Its International Brands portfolio includes The Collective and select mono-brands such as Simon Carter, Hackett London, Ted Baker, Ralph Lauren, American Eagle, and Fred Perry.[16]

Partnership, merger and acquisition

Starting in the 2010s, the company made multiple acquisitions and mergers.[17]

Year Type Company Name Notes Valuation/Stake Cites
2012 Joint Venture Hackett Limited is a British clothing brand for men and boys. Hackett is partnered with Madura Fashion owned by Aditya Birla Group. 50% stake [18]
2016 Partnership Ted Baker is a British high-street clothing retail company owned by J Swamy, founded in 1988 in Glasgow, Scotland - [19] [20]
2016 Acquisition Forever 21 is a multinational fast fashion retailer headquartered in Los Angeles, California, United States. Only its Indian operations were acquired by the Aditya Birla Group. $26 mn [21]
2017 Partnership Simon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985 NA [22]
2018 Partnership American Eagle Line is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania, founded in 1977. N/A [23]
2018 Partnership NA [24]
2019 Acquisition Jaypore Jaypore is an Indian fashion women entnic wear brand ₹110 crore [25]
2019 Acquisition TG Apparel & DecorTG Apparel & Decor is an Indian clothing brand N/A [26]
2019 Acquisition Shantanu & NikhilShantanu & Nikhil is an Indian Fashion Designer 51% Stake [27]
2020 Partnership Fred Perry is a British heritage brand founded in 1952, known for its sport and subculture connections. - [28]
2021 Partnership Sabyasachi is an Indian fashion & jewellery label 51% Stake (Rs 398 crore) [29]
2021 Partnership Tarun Tahiliani is an Indian fashion & jewellery designer 33.5% Stake (Rs 67 crore) [30]
2022 Agreement to Sell Reebok is an American fitness footwear and clothing brand N/A [31]
2022 Partnership Masaba Gupta is an Indian fashion designer 51% stake [32] [33]
2022 Partnership ABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris 50% stake [34]
2023 Acquisition TCNS Clothing Limited TCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer 51% stake [35] [36]
2023 Partnership Christian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles. N/A [37]

Notes and References

  1. Web site: Aditya Birla Fashion and Retail proposes to raise Rs 500 crore through NCDS . 6 January 2023 .
  2. Web site: Aditya Birla Fashion And Retail Limited Q4 FY-24 . bseindia.
  3. Web site: Aditya Birla Fashion and Retail Ltd. Financial Statements . bseindia.com.
  4. Web site: ABFRL 2023 Report . BSE India.
  5. News: Pantaloons changes its name to Aditya Birla Fashion and Retail . 23 October 2020 . The Economic Times.
  6. News: Agarwal . P. R. Sanjai,Sapna . Aditya Birla Group to merge apparel business units . mint . 3 May 2015 . en.
  7. Web site: Aditya Birla's Madura Fashion and Lifestyle business to move to a 12-season cycle . FashionNetwork.com . en-IN.
  8. Web site: Aditya Birla Nuvo acquires major stake in Pantaloons - The Textile Magazine . Indiantextilemagazine.. 24 May 2012 .
  9. Web site: Aditya Birla Fashion to demerge Madura business into separate listed entity, plans to raise funds after process . Hindustan Times . en . 1 April 2024.
  10. Web site: Aditya Birla Fashion and Retail Strengthens Grip on Ethnic Wear Brand Tasva . Bru Times News . en.
  11. News: Aditya Birla Fashion Board meeting on 23 October to consider proposal on fund raising; shares up by 6 per cent . Zee Business . 21 October 2020.
  12. Web site: Aditya Birla Fashion and Retail Limited . sebi.gov.in.
  13. Web site: Deciphering Aditya Birla Fashion's growth plans . The Economic Times.
  14. Web site: The Trends . abfrl.com.
  15. News: Mudgill . Amit . Will ABFRL stock hit Rs 200 mark after big Flipkart deal? . The Economic Times.
  16. News: ABFRL completes acquisition of Forever 21 for Rs 175 crore - ET Retail . ETRetail.com . en.
  17. Web site: Media | Press releases | Aditya Birla Nuvo to acquire controlling stake in Future Group's Pantaloons Format business . Aditya Birla Nuvo . 2012-04-30 . 2014-06-22.
  18. Web site: Aditya Birla Group's Madura Fashion & Lifestyle enters luxury single brand retail with UK's Hackett . The Economic Times . 12 September 2012.
  19. Web site: Aditya Birla signs Ted Baker deal for India . FashionNetwork.com . en-IN.
  20. Web site: Aditya Birla Fashion to bring UK brand Ted Baker to India . The Economic Times . 4 November 2016.
  21. Web site: Aditya Birla Fashion to acquire Forever 21 in India for $26 mn . The Economic Times . 5 July 2016.
  22. Web site: Simon Carter enters India via tie-up with Aditya Birla Fashion and Retail . Financialexpress . 15 September 2017 . en.
  23. News: Pani . Priyanka . Aditya Birla Fashion brings American Eagle line to India . @businessline . en.
  24. Web site: Ralph Lauren enters into license agreement with ABFRL to open stores in India . FashionNetwork.com.
  25. Web site: Tandon . Suneera . Aditya Birla Fashion and Retail acquires Jaypore . mint . en . 10 June 2019.
  26. Web site: Aditya Birla Fashion Retail to acquire 2 ethnic wear brands . The Times of India . 10 June 2019.
  27. Web site: Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & Nikhi . The Economic Times . 15 July 2019.
  28. Web site: ABFRL-Aditya Birla Fashion and Retail Limited Introduced Fred Perry to India . Bru Times News . en.
  29. Web site: Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore . Timesnownews . 28 January 2021 . en.
  30. Web site: Aditya Birla Fashion partners with Tarun Tahiliani for ethnic wear brand . Financialexpress . 25 February 2021 . en.
  31. Web site: Malviya . Sagar . Aditya Birla Fashion to now own and operate Reebok stores in select markets . The Economic Times . 13 August 2022.
  32. Web site: Masaba Gupta announces partnership with Aditya Birla Fashion and Retail Limited . Vogue India . en-IN . 14 January 2022.
  33. Web site: Aditya Birla Fashion ties up with designer Masaba Gupta to launch new D2C brand . India Today . 14 January 2022 . en.
  34. Web site: ABFRL ties up with French co Galeries Lafayette . The Times of India . 18 November 2022.
  35. Web site: Malviya . Sagar . Aditya Birla Fashion to acquire 51% stake in TCNS Clothing for Rs 1,650 cr . The Economic Times . 6 May 2023.
  36. Web site: Staff Writer . ABFRL to acquire controlling stake in ethnic wear owner TCNS . mint . en . 6 May 2023.
  37. Web site: Christian Loboutin has announced a joint venture partnership in India with Aditya Birla Fashion and Retail Limited . BruTimes . en.

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