Aditya Birla Fashion and Retail Ltd.
TypePublic
BSE: 535755
NSE: ABFRL
IndustryRetail
Founded1997
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
Ashish Dikshit (MD)
ProductsClothing
Brands
RevenueIncrease ₹12,534 crore (US$1.6 billion) (2023)[2]
Increase ₹1,493 crore (US$190 million) (2023)[3]
Increase ₹−36 crore (US$−4.5 million) (2023)[3]
Total assetsIncrease ₹17,041 crore (US$2.1 billion) (2023)[3]
Total equityIncrease ₹3,346 crore (US$420 million) (2023)[3]
OwnerAditya Birla Group (56%)
Number of employees
28,500+ (2023)[4]
ParentAditya Birla Group
Websitewww.abfrl.com

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group.[5]

History

A Pantaloons store in Kolkata.

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]

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.[9][10][11]

Operations

ABFRL portfolio includes several brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years.[12] Pantaloons brands caters to men, women and children with a mix of private labels and licensed brands in apparel and accessories.[13]

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.[14]

Partnership, Merger & Acquisition

Starting in the 2010s, the company made multiple acquisitions and mergers.[15]

YearTypeCompany NameNotesValuation/StakeCites
2012Joint VentureHackettHackett Limited is a British clothing brand for men and boys. Hackett is partnered with Madura Fashion owned by Aditya Birla Group.50% stake[16]
2016PartnershipTed BakerTed Baker is a British high-street clothing retail company, founded in 1988 in Glasgow, Scotland-[17][18]
2016AcquisitionForever 21Forever 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[19]
2017PartnershipSimon CarterSimon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985NA[20]
2018PartnershipAmerican Eagle OutfittersAmerican Eagle Line is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania, founded in 1977.N/A[21]
2018PartnershipRalph LaurenRalph Lauren Corporation is an American publicly traded fashion company, founded in 1967 by American fashion designer Ralph LaurenNA[22]
2019AcquisitionJayporeJaypore is an Indian fashion women entnic wear brand₹110 crore[23]
2019AcquisitionTG Apparel & DecorTG Apparel & Decor is an Indian clothing brandN/A[24]
2019AcquisitionShantanu & NikhilShantanu & Nikhil is an Indian Fashion Designer51% Stake[25]
2021PartnershipSabyasachiSabyasachi is an Indian fashion & jewellery label51% Stake (Rs 398 crore)[26]
2021PartnershipTarun TahilianiTarun Tahiliani is an Indian fashion & jewellery designer33.5% Stake (Rs 67 crore)[27]
2022Agreement to SellReebokReebok is an American fitness footwear and clothing brandN/A[28]
2022PartnershipMasaba GuptaMasaba Gupta is an Indian fashion designer51% stake[29][30]
2022PartnershipGaleries LafayetteABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris50% stake[31]
2023AcquisitionTCNS Clothing LimitedTCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer51% stake[32][33]
2023PartnershipChristian LouboutinChristian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles.N/A[34]

References

  1. ↑ "Aditya Birla Fashion and Retail proposes to raise Rs 500 crore through NCDS". 6 January 2023.
  2. ↑ "Aditya Birla Fashion And Retail Limited Q4 FY-23" (PDF). bseindia.
  3. 1 2 3 4 "Aditya Birla Fashion and Retail Ltd. Financial Statements" (PDF). bseindia.com.
  4. ↑ "ABFRL 2023 Report" (PDF). BSE India.
  5. 1 2 "Pantaloons changes its name to Aditya Birla Fashion and Retail". The Economic Times. Retrieved 23 October 2020.
  6. ↑ Agarwal, P. R. Sanjai,Sapna (3 May 2015). "Aditya Birla Group to merge apparel business units". mint.{{cite news}}: CS1 maint: multiple names: authors list (link)
  7. ↑ "Aditya Birla's Madura Fashion and Lifestyle business to move to a 12-season cycle". FashionNetwork.com.
  8. ↑ "Aditya Birla Nuvo acquires major stake in Pantaloons - The Textile Magazine". Indiantextilemagazine.
  9. ↑ "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.
  10. ↑ "Aditya Birla Fashion and Retail Limited". sebi.gov.in.
  11. ↑ "Deciphering Aditya Birla Fashion's growth plans". The Economic Times.
  12. ↑ "The Trends" (PDF). abfrl.com.
  13. ↑ Mudgill, Amit. "Will ABFRL stock hit Rs 200 mark after big Flipkart deal?". The Economic Times.
  14. ↑ "ABFRL completes acquisition of Forever 21 for Rs 175 crore - ET Retail". ETRetail.com.
  15. ↑ "Media | Press releases | Aditya Birla Nuvo to acquire controlling stake in Future Group's Pantaloons Format business". Aditya Birla Nuvo. 30 April 2012. Retrieved 22 June 2014.
  16. ↑ "Aditya Birla Group's Madura Fashion & Lifestyle enters luxury single brand retail with UK's Hackett". The Economic Times. 12 September 2012.
  17. ↑ "Aditya Birla signs Ted Baker deal for India". FashionNetwork.com.
  18. ↑ "Aditya Birla Fashion to bring UK brand Ted Baker to India". The Economic Times. 4 November 2016.
  19. ↑ "Aditya Birla Fashion to acquire Forever 21 in India for $26 mn". The Economic Times. 5 July 2016.
  20. ↑ "Simon Carter enters India via tie-up with Aditya Birla Fashion and Retail". Financialexpress.
  21. ↑ Pani, Priyanka. "Aditya Birla Fashion brings American Eagle line to India". @businessline.
  22. ↑ "Ralph Lauren enters into license agreement with ABFRL to open stores in India". FashionNetwork.com.
  23. ↑ Tandon, Suneera (10 June 2019). "Aditya Birla Fashion and Retail acquires Jaypore". mint.
  24. ↑ "Aditya Birla Fashion Retail to acquire 2 ethnic wear brands". The Times of India. 10 June 2019.
  25. ↑ "Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & Nikhi". The Economic Times. 15 July 2019.
  26. ↑ "Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore". Timesnownews.
  27. ↑ "Aditya Birla Fashion partners with Tarun Tahiliani for ethnic wear brand". Financialexpress.
  28. ↑ Malviya, Sagar (13 August 2022). "Aditya Birla Fashion to now own and operate Reebok stores in select markets". The Economic Times.
  29. ↑ "Masaba Gupta announces partnership with Aditya Birla Fashion and Retail Limited". Vogue India. 14 January 2022.
  30. ↑ "Aditya Birla Fashion ties up with designer Masaba Gupta to launch new D2C brand". India Today.
  31. ↑ "ABFRL ties up with French co Galeries Lafayette". The Times of India. 18 November 2022.
  32. ↑ Malviya, Sagar (6 May 2023). "Aditya Birla Fashion to acquire 51% stake in TCNS Clothing for Rs 1,650 cr". The Economic Times.
  33. ↑ Staff Writer (6 May 2023). "ABFRL to acquire controlling stake in ethnic wear owner TCNS". mint.
  34. ↑ "Christian Loboutin has announced a joint venture partnership in India with Aditya Birla Fashion and Retail Limited". BruTimes.
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