Aditya Birla Fashion and Retail

Last updated

Aditya Birla Fashion and Retail Ltd.
Company type Public
BSE:  535755
NSE:  ABFRL
Industry Retail
Founded1997
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
Ashish Dikshit (MD) [1]
Products Clothing
RevenueIncrease2.svg₹14,233 crore (US$1.7 billion) (2024) [2]
Increase2.svg₹1,703 crore (US$200 million) (2024) [3]
Total assets Increase2.svg₹22,411 crore (US$2.7 billion) (2024) [3]
Total equity Increase2.svg₹4,721 crore (US$570 million) (2024) [3]
Number of employees
26500+ (FY2024) [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 2024, ABFRL has a network of at least 4,664 stores with a presence across approximately 37,205 multi-brand outlets with 9,563 point of sales in department stores across India. [11] [12] [13]

Operations

ABFRL has a repertoire of India’s largest brands in Louis Philippe, Van Heusen, Allen Solly and Peter England, established over 25 years. Pantaloons is one of India’s leading fashion retailer. [14] Pantaloons brands caters to men, women and children with a mix of private labels and licensed brands in apparel and accessories. [15]

Company’s international Brands portfolio includes - The Collective, Amongst India's largest multi-brand retailers of international brands and has long term exclusive partnerships with select brands such as Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle, Reebok, Simon Carter and Galeries Lafayette. [16]

The Company’s foray into branded ethnic wear business includes brands such as Jaypore, Tasva & Marigold Lane. [17] [18] The company has strategic partnerships with Designers ‘Shantnu & Nikhil’, ‘Tarun Tahiliani’, ‘Sabyasachi’ and ‘House of Masaba’. [19] [20] [21]

The Company in Sept 2023 completed the acquisition of 51% stake in TCNS Clothing Co. Ltd. TCNS is Indian women’s branded ethnic apparel company that designs, markets and retails portfolio of women’s branded apparel across brands W, Aurelia, Wishful, Elleven & Folksong. [22]

Partnership, merger and acquisition

Starting in the 2010s, the company made multiple acquisitions and mergers. [23]

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 [24]
2016Partnership Ted Baker Ted Baker is a British high-street clothing retail company owned by J Swamy, founded in 1988 in Glasgow, Scotland- [25] [26]
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 [27]
2017Partnership Simon Carter Simon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985NA [28]
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 [29]
2018Partnership Ralph Lauren Ralph Lauren Corporation is an American publicly traded fashion company, founded in 1967 by American fashion designer Ralph Lauren NA [30]
2019AcquisitionJayporeJaypore is an Indian fashion women entnic wear brand₹110 crore [31]
2019AcquisitionTG Apparel & DecorTG Apparel & Decor is an Indian clothing brandN/A [32]
2019AcquisitionShantanu & NikhilShantanu & Nikhil is an Indian Fashion Designer51% Stake [33]
2020Partnership Fred Perry Fred Perry is a British heritage brand founded in 1952, known for its sport and subculture connections.- [34]
2021Partnership Sabyasachi Sabyasachi is an Indian fashion & jewellery label51% Stake (Rs 398 crore) [35]
2021Partnership Tarun Tahiliani Tarun Tahiliani is an Indian fashion & jewellery designer33.5% Stake (Rs 67 crore) [36]
2022Agreement to Sell Reebok Reebok is an American fitness footwear and clothing brandN/A [37]
2022Partnership Masaba Gupta Masaba Gupta is an Indian fashion designer51% stake [38] [39]
2022Partnership Galeries Lafayette ABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris50% stake [40]
2023AcquisitionTCNS Clothing LimitedTCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer51% stake [22] [41]
2023Partnership Christian Louboutin Christian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles.N/A [42]

Related Research Articles

<span class="mw-page-title-main">Aditya Birla Group</span> Indian multinational conglomerate

Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai, India. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment. The group has a presence in 36 nations and a combined annual revenue of US$62 billion, over 50% of which is derived from its overseas operations.

<span class="mw-page-title-main">Titan Company</span> Indian multinational jeweller and watchmaker

Titan Company Limited is an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore, and registered office in Hosur, Tamil Nadu.

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian industrialist and philanthropist (born 1967)

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$23 billion, as of March 2024 making him the 6th richest person in India.

<span class="mw-page-title-main">Trent Limited</span> Indian retail company

Trent Limited is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures.

<span class="mw-page-title-main">Grasim Industries</span> Indian industrial conglomerate

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, chemicals and insulators, along with cement and financial services through its subsidiaries UltraTech Cement and Aditya Birla Capital respectively. The company is a part of the Aditya Birla Group.

Future Group was 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.

<span class="mw-page-title-main">Reliance Retail</span> Indian retail company

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.

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

<span class="mw-page-title-main">More (store)</span> Indian grocery chain - MORE Supermarkets

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..

<span class="mw-page-title-main">Arvind (company)</span> Indian textile company

Arvind Limited is an Indian textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej. The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It had also recently ventured into technical textiles with its Advanced Materials Division in 2011. The company is India's largest denim manufacturer.

<span class="mw-page-title-main">Louis Philippe (brand)</span> Indian mens clothing brand

Louis Philippe is a premium brand of men's apparel originating from India. It is a subsidiary of Madura Fashion & Lifestyle. It is a division of the Indian conglomerate Aditya Birla Group, and was founded in 1989. Named after Louis Philippe, King of France from 1830 to 1848, the brand is one of the largest apparel brands in India, as of 2018.

<span class="mw-page-title-main">Biba Apparels</span> Indian fashion brand

Biba Apparels is an Indian fashion brand for women and girls founded by Meena Bindra in 1988 in New Delhi. It has more than 150 brand outlets and 225 multi-brand outlets. Biba recorded sales of INR 600 crore in 2014-15.

Trendin.com was the online arm of Madura Fashion & Lifestyle (MFL)., a subsidiary of Aditya Birla Nuvo Limited (amalgamated), now a part of Aditya Birla Fashion and Retail Limited. The website offered online apparel and accessories collection for men, women and children from brands distributed by MFL.

Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other ethnic fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.

Aryaman Birla is an Indian cricketer and businessman. In 2023, he was appointed as one of the directors of Aditya Birla Fashion and Retail.

Aditya Birla Payments Bank Limited (ABPB) was a payments bank started as a joint venture by Aditya Birla Nuvo Ltd. and Idea Cellular. Launched on 22 February 2018, it is the fourth payments bank to begin operations since issuance of licenses to 11 firms by the Reserve Bank of India in August 2015.

Shantnu & Nikhil is an Indian Couture label founded by brothers Shantanu Mehra and Nikhil Mehra in 2000. Aditya Birla Fashion and Retail Limited (ABFRL) acquired 51 percent stakes in the company Finesse International Design Private Limited which are run by the label in a 60 crore deal.

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".

References

  1. ↑ "ABFRL's Ashish Dikshit foresees India leading global retail innovation in next 5 years - ET Retail". ETRetail.com.
  2. ↑ "Aditya Birla Fashion And Retail Limited Q4 FY-24" (PDF). bseindia.
  3. 1 2 3 "Aditya Birla Fashion and Retail Ltd. Financial Statements" (PDF). bseindia.com.
  4. ↑ "ABFRL 2024 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. 24 May 2012.
  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.
  12. ↑ "Aditya Birla Fashion and Retail Limited". sebi.gov.in.
  13. ↑ "Deciphering Aditya Birla Fashion's growth plans". The Economic Times.
  14. ↑ "The Trends" (PDF). abfrl.com.
  15. ↑ Mudgill, Amit. "Will ABFRL stock hit Rs 200 mark after big Flipkart deal?". The Economic Times.
  16. ↑ "ABFRL completes acquisition of Forever 21 for Rs 175 crore - ET Retail". ETRetail.com.
  17. ↑ "Aditya Birla Fashion and Retail acquires Jaypore". Livmint.
  18. ↑ "Aditya Birla Fashion and Retail". Economic Times.
  19. ↑ "Aditya Birla Fashion to buy 51% stake in bespoke apparel brand Shantanu & Nikhil". VCCircle.
  20. ↑ Balram, Smita (24 February 2021). "ABFRL picks up 33.5% stake in Tarun Tahiliani brand to strengthen position in ethnic wear segment". The Economic Times.
  21. ↑ "From Sabyasachi To House Of Masaba: 13 surprising brands you never knew were part of Aditya Birla Group". Financialexpress. 26 November 2023.
  22. 1 2 Malviya, Sagar (6 May 2023). "Aditya Birla Fashion to acquire 51% stake in TCNS Clothing for Rs 1,650 cr". The Economic Times.
  23. ↑ "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.
  24. ↑ "Aditya Birla Group's Madura Fashion & Lifestyle enters luxury single brand retail with UK's Hackett". The Economic Times. 12 September 2012.
  25. ↑ "Aditya Birla signs Ted Baker deal for India". FashionNetwork.com.
  26. ↑ "Aditya Birla Fashion to bring UK brand Ted Baker to India". The Economic Times. 4 November 2016.
  27. ↑ "Aditya Birla Fashion to acquire Forever 21 in India for $26 mn". The Economic Times. 5 July 2016.
  28. ↑ "Simon Carter enters India via tie-up with Aditya Birla Fashion and Retail". Financialexpress. 15 September 2017.
  29. ↑ Pani, Priyanka. "Aditya Birla Fashion brings American Eagle line to India". @businessline.
  30. ↑ "Ralph Lauren enters into license agreement with ABFRL to open stores in India". FashionNetwork.com.
  31. ↑ Tandon, Suneera (10 June 2019). "Aditya Birla Fashion and Retail acquires Jaypore". mint.
  32. ↑ "Aditya Birla Fashion Retail to acquire 2 ethnic wear brands". The Times of India. 10 June 2019.
  33. ↑ "Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & Nikhi". The Economic Times. 15 July 2019.
  34. ↑ "ABFRL-Aditya Birla Fashion and Retail Limited Introduced Fred Perry to India". Bru Times News.
  35. ↑ "Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore". Timesnownews. 28 January 2021.
  36. ↑ "Aditya Birla Fashion partners with Tarun Tahiliani for ethnic wear brand". Financialexpress. 25 February 2021.
  37. ↑ Malviya, Sagar (13 August 2022). "Aditya Birla Fashion to now own and operate Reebok stores in select markets". The Economic Times.
  38. ↑ "Masaba Gupta announces partnership with Aditya Birla Fashion and Retail Limited". Vogue India. 14 January 2022.
  39. ↑ "Aditya Birla Fashion ties up with designer Masaba Gupta to launch new D2C brand". India Today. 14 January 2022.
  40. ↑ "ABFRL ties up with French co Galeries Lafayette". The Times of India. 18 November 2022.
  41. ↑ Staff Writer (6 May 2023). "ABFRL to acquire controlling stake in ethnic wear owner TCNS". mint.
  42. ↑ "Christian Loboutin has announced a joint venture partnership in India with Aditya Birla Fashion and Retail Limited". BruTimes.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.