Company type | Public |
---|---|
BSE: 535755 NSE: ABFRL | |
Industry | Retail |
Founded | 1997 |
Headquarters | , |
Area served | India |
Key people | Ashish Dikshit (MD) |
Products | Clothing |
Brands |
|
Revenue | ₹12,534 crore (US$1.6 billion) (2023) [2] |
₹1,493 crore (US$190 million) (2023) [3] | |
₹−36 crore (US$−4.5 million) (2023) [3] | |
Total assets | ₹17,041 crore (US$2.1 billion) (2023) [3] |
Total equity | ₹3,346 crore (US$420 million) (2023) [3] |
Owner | Aditya Birla Group (56%) |
Number of employees | 28,500+ (2023) [4] |
Parent | Aditya Birla Group |
Website | www |
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]
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]
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]
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]
Starting in the 2010s, the company made multiple acquisitions and mergers. [15]
Year | Type | Company Name | Notes | Valuation/Stake | Cites |
---|---|---|---|---|---|
2012 | Joint 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 | [16] |
2016 | Partnership | Ted Baker | Ted Baker is a British high-street clothing retail company owned by J Swamy, founded in 1988 in Glasgow, Scotland | - | [17] [18] |
2016 | Acquisition | 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 | [19] |
2017 | Partnership | Simon Carter | Simon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985 | NA | [20] |
2018 | Partnership | 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 | [21] |
2018 | Partnership | Ralph Lauren | Ralph Lauren Corporation is an American publicly traded fashion company, founded in 1967 by American fashion designer Ralph Lauren | NA | [22] |
2019 | Acquisition | Jaypore | Jaypore is an Indian fashion women entnic wear brand | ₹110 crore | [23] |
2019 | Acquisition | TG Apparel & Decor | TG Apparel & Decor is an Indian clothing brand | N/A | [24] |
2019 | Acquisition | Shantanu & Nikhil | Shantanu & Nikhil is an Indian Fashion Designer | 51% Stake | [25] |
2021 | Partnership | Sabyasachi | Sabyasachi is an Indian fashion & jewellery label | 51% Stake (Rs 398 crore) | [26] |
2021 | Partnership | Tarun Tahiliani | Tarun Tahiliani is an Indian fashion & jewellery designer | 33.5% Stake (Rs 67 crore) | [27] |
2022 | Agreement to Sell | Reebok | Reebok is an American fitness footwear and clothing brand | N/A | [28] |
2022 | Partnership | Masaba Gupta | Masaba Gupta is an Indian fashion designer | 51% stake | [29] [30] |
2022 | Partnership | Galeries Lafayette | ABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris | 50% stake | [31] |
2023 | Acquisition | TCNS Clothing Limited | TCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer | 51% stake | [32] [33] |
2023 | Partnership | Christian Louboutin | Christian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles. | N/A | [34] |
The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai. The group has a presence in 36 nations and a combined annual revenue of $65 billion, over 50% of which is derived from its overseas operations. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.
Kumar Mangalam Birla is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$17.6 billion, as of October 2023 making him the 7th richest person in India.
Centro also formerly known as Central is an Indian department store chain operated by Reliance Group. Reliance Retail (RRL) has changed Future Group’s Central department store model into Centro in areas where RRL took over the lease after Future Group lapsed on rentals and relinquished the property. On 9th May 2023, the first Centro opened in Vasant Kunj, Delhi. It competes with other department store chains such as Shoppers Stop, Pantaloons and Westside.
Trent Limited is an Indian retail company, which is part of Tata Group and based in Mumbai. Started in 1998, Trent operates Westside, a retail fashion chain, and Landmark, a bookstore chain with brick and mortar stores in various locations of India.
Yash Birla Group is Indian industrial conglomerate group based in Mumbai, Maharashtra. Its chairman Yashovardhan Birla, is a member of the Birla family. The group has diversified interest in industries like steel pipes, machine tools, cutting tools, tool holders, iron castings, power solution products, multipurpose engines pumps, electrical appliances, textiles, carpets, furnishing, lifestyle, infotech, publication, travel, electricity, property development, cotton ginning etc. The Group traces its origins to the businesses started by various members of the Birla family. The group today has 10 publicly listed subsidiaries in India. The group is currently facing major financial and legal bottlenecks.
Fabindia is an Indian chain store retailing garments, home-decor, furnishings, fabrics and products handmade by craftspeople across rural India. Established in 1960 by John Bissell, an American working for the Ford Foundation, New Delhi, Fabindia started out exporting home furnishings, before stepping into domestic retail in 1976, when it opened its first retail store in Greater Kailash, New Delhi. The chairman of the company is John's son, William Nanda Bissell. As of July 2020, Fabindia operated 327 stores across India and 14 international stores.
Future Group is an Indian conglomerate, founded by Kishore Biyani and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited are two operating companies whose assets are among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.
Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns. Apart from physical stores, the company also sells products on its e-commerce channels.
Kishore Biyani is an Indian businessman who is the Founder & CEO of Future Group, one of India's biggest brick-and-mortar retailers. He is also the founder of retail businesses such as Pantaloon Retail and Big Bazaar.
MORE is an Indian food and grocery retail store chain. MORE operates its stores under two formats; More Supermarkets and More Hypermarkets. MORE also offers an online grocery service via its mobile app. More Retail was previously known as Aditya Birla Retail Limited when it was part of the Aditya Birla Group before More was sold to investors led by Samara Capital and Amazon. More Retail has a network of 878 Supermarkets in 30 cities and 42 Hypermarkets in 12 cities.
Gini & Jony is an Indian kid's fashion brand, promoted by the Lakhani brothers, since 1980. The brand sells apparel through a mix of company-owned and franchisee outlets, and is currently present in 106 cities with 200 exclusive brand outlets and other large format multi-brand stores, like Shoppers Stop, Lifestyle Stores, Pantaloons etc. While the promoter group holds the majority stake in the organization..
Originating in India in 1999, Lifestyle is a retail fashion brand which comes under Dubai-based retail and hospitality conglomerate, the Landmark Group.
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Monte Carlo Fashions Limited, doing business as Monte Carlo, is an Indian retail clothing chain. It specialises in fast fashion, and sells clothing, accessories, shoes. Monte Carlo Fashions limited is selling its apparel products under the brand name of Monte Carlo which was established in 1984 by Oswal Woollen Mills Limited and is owned by parent company Nahar Group based in Ludhiana, Punjab. Jawahar Lal Oswal Jain is the chairman and managing director of the company.
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Aditya Birla Sun Life Asset Management Company Ltd. (ABSLAMC), formerly known as Birla Sun Life Asset Management Company Limited, is an investment managing company registered under the Securities and Exchange Board of India. It is a joint venture between the Aditya Birla Capital of India and the Sun Life Financial Inc. of Canada. The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds.
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Peter England is an international menswear brand based in India. Founded in 1889 in Ireland, it was acquired by Kumar Mangalam Birla's Aditya Birla Fashion brand in 2000. It produces suiting fabric, wool and wool-blended fabrics. According to the website of its parent company, as of 2014 it was the "largest menswear brand in India with over 10 million garments in sales".
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