ABFL news and archive

Aditya Birla Fashion looks to clock in 15 per cent growth

Aditya Birla Fashion and Retail (ABFRL) which has a huge portfolio of brand under it feels newer brands along with the existing ones would give cohesive growth to the company’s revenues, which are expected to grow at a CAGR of 15 per cent and return on capital employed expansion to 14.6 per cent (against 2.4 per cent currently). ABFL has a...

Retail

ABFL on retail expansion spree, plans more Linen Club stores

Despite demonetisation affecting India’s textile and apparel industry players, Aditya Birla Fashion Limited (ABFL) is continuing its expansion plans. As Thomas Varghese, Business Head-Textiles, says as of now, they are planning to open 40-50 Linen Club stores a year and going in for a more enriched pan India presence. ABFL has always been a...

Business

ABFL revenues perks up 8 per cent, losses narrow down

Aditya Birla Fashion and Retail (ABFL) losses went down to Rs 21 crores in the first quarter of fiscal year ’17 as compared to a loss of Rs 68 crores in the first quarter of fiscal year ’16. And revenues went up eight per cent. ABFL was earlier known as Pantaloons Fashion and Retail. ABFL was created after Madura was merged into Pantaloons...

Retail

Forever 21, Aditya Birla Fashion and Retail team up for India retail

Forever 21 founder Don Chang has joined hands with Aditya Birla Fashion and Retail to have a bigger say in the world's fastest growing economy where its rivals Zara and H&M too have aggressive plans. Birla formalised a deal to clinch a 12-year exclusive online and offline right to the Forever 21 brand in India. This is possibly Birla's most...