Aditya Birla Fashion and Retail

Last updated

Aditya Birla Fashion and Retail Ltd.
Company type Public
BSE:  535755
NSE:  ABFRL
Industry Retail
Founded1997
Headquarters,
Area served
India
Key people
Ashish Dikshit (MD)
Products Clothing
Brands
RevenueIncrease2.svg14,233 crore (US$1.8 billion) (2024) [2]
Increase2.svg1,655 crore (US$210 million) (2024) [3]
Decrease2.svg−736 crore (US$−92 million) (2024) [3]
Total assets Increase2.svg22,411 crore (US$2.8 billion) (2024) [3]
Total equity Increase2.svg4,721 crore (US$590 million) (2024) [3]
Owner Aditya Birla Group (56%)
Number of employees
28,500+ (2023) [4]
Parent Aditya Birla Group
Website www.abfrl.com

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]

Contents

History

A Pantaloons store in Kolkata. Pantaloons, Kankurgachi, Kolkata - panoramio.jpg
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]

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 & Acquisition

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

YearTypeCompany NameNotesValuation/StakeCites
2012Joint Venture Hackett 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]
2016Partnership Ted Baker Ted Baker is a British high-street clothing retail company owned by J Swamy, founded in 1988 in Glasgow, Scotland- [19] [20]
2016Acquisition Forever 21 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]
2017Partnership Simon Carter Simon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985NA [22]
2018Partnership American Eagle Outfitters American Eagle Line is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania, founded in 1977.N/A [23]
2018Partnership Ralph Lauren Ralph Lauren Corporation is an American publicly traded fashion company, founded in 1967 by American fashion designer Ralph Lauren NA [24]
2019AcquisitionJayporeJaypore is an Indian fashion women entnic wear brand₹110 crore [25]
2019AcquisitionTG Apparel & DecorTG Apparel & Decor is an Indian clothing brandN/A [26]
2019AcquisitionShantanu & NikhilShantanu & Nikhil is an Indian Fashion Designer51% Stake [27]
2020Partnership Fred Perry Fred Perry is a British heritage brand founded in 1952, known for its sport and subculture connections.- [28]
2021Partnership Sabyasachi Sabyasachi is an Indian fashion & jewellery label51% Stake (Rs 398 crore) [29]
2021Partnership Tarun Tahiliani Tarun Tahiliani is an Indian fashion & jewellery designer33.5% Stake (Rs 67 crore) [30]
2022Agreement to Sell Reebok Reebok is an American fitness footwear and clothing brandN/A [31]
2022Partnership Masaba Gupta Masaba Gupta is an Indian fashion designer51% stake [32] [33]
2022Partnership Galeries Lafayette ABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris50% stake [34]
2023AcquisitionTCNS Clothing LimitedTCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer51% stake [35] [36]
2023Partnership Christian Louboutin Christian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles.N/A [37]

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References

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  2. "Aditya Birla Fashion And Retail Limited Q4 FY-24" (PDF). bseindia.
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  9. "Aditya Birla Fashion to demerge Madura business into separate listed entity, plans to raise funds after process". Hindustan Times. 1 April 2024.
  10. "Aditya Birla Fashion and Retail Strengthens Grip on Ethnic Wear Brand Tasva". Bru Times News.
  11. "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.
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  14. "The Trends" (PDF). abfrl.com.
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  22. "Simon Carter enters India via tie-up with Aditya Birla Fashion and Retail". Financialexpress.
  23. Pani, Priyanka. "Aditya Birla Fashion brings American Eagle line to India". @businessline.
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  28. "ABFRL-Aditya Birla Fashion and Retail Limited Introduced Fred Perry to India". Bru Times News.
  29. "Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore". Timesnownews.
  30. "Aditya Birla Fashion partners with Tarun Tahiliani for ethnic wear brand". Financialexpress.
  31. Malviya, Sagar (13 August 2022). "Aditya Birla Fashion to now own and operate Reebok stores in select markets". The Economic Times.
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  33. "Aditya Birla Fashion ties up with designer Masaba Gupta to launch new D2C brand". India Today.
  34. "ABFRL ties up with French co Galeries Lafayette". The Times of India. 18 November 2022.
  35. Malviya, Sagar (6 May 2023). "Aditya Birla Fashion to acquire 51% stake in TCNS Clothing for Rs 1,650 cr". The Economic Times.
  36. Staff Writer (6 May 2023). "ABFRL to acquire controlling stake in ethnic wear owner TCNS". mint.
  37. "Christian Loboutin has announced a joint venture partnership in India with Aditya Birla Fashion and Retail Limited". BruTimes.