ABFRL news and archive

Aditya Birla Fashion and Retail plans major retail expansion this year

Aditya Birla Fashion and Retail (ABFRL) plans to open more than 500 outlets this year. As of now, there are some 3,000 outlets. ABFRL is the country’s largest clothing company with brands like Louis Philippe, Pantaloons, Van Heusen, Allen Solly and Peter England in its stable. The plan is to launch a new mass-market ethnic wear brand. Same-store...

Retail

Bengaluru gets its first American Eagle store

Aditya Birla Fashion and Retail (ABFRL) has forayed into the Bengaluru market with its first licensed Amercian Eagle 3,000 sq ft store in the city’s Orion Mall. The new store retails men’s and women’s denim and casual wear. The store opened with the brand’s holiday collection of themed apparel as well as its fall 2019 collection and range of...

People

Himanshu Kapania joins Aditya Birla Fashion and Retail

Himanshu Kapania is the new vice-chairman of Aditya Birla Fashion and Retail (ABFRL). Kapania is an IIM Bangalore and BIT alumini. He was earlier the managing director of Vodafone Idea. His experience across sectors is expected to help Aditya Birla further scale up in India. Aditya Birla Fashion and Retail is one of India's largest fashion...

Business

Aditya Birla Fashion and Retail’s Q2 income jumps 14 per cent

Aditya Birla Fashion and Retail’s (ABFRL) Q2 income went up 14.72 per cent as expenses rose 15.92 per cent. Revenues of Aditya Birla’s Madura business segment, comprising lifestyle brands Louis Philippe, Van Heusen, Allen Solly, Peter England and fast fashion labels Forever 21 and People, among others, grew by 16.65 per cent. Pantaloons revenue...

Retail

ABFRL plans retail expansion in ethnic wear market

Aditya Birla Retail and Fashion (ABFRL) plans to expand operations in the ethnic wear market of India. The retailer, which recently acquired the Jaypore and Shantanu and Nikhil labels, is set to expand these two brands by adding stand-alone stores over the next few months. Both brands are expected to help ABFRL expand its reach in the country’s...

Retail

ABFRL to acquire stake in designer Shantanu & Nikhil’s firm

Aditya Birla Fashion and Retail )ABFRL) is all set to acquire 51 percent stake in fashion designer duo Shantanu & Nikhil's apparel firm Finesse International Design. Finesse International Design is primarily engaged in the business of bespoke occasion and ceremonial contemporary apparel for men and women under the brand name 'Shantanu & Nikhil'....

Business

ABFRL buys out ethnic retailer Jaypore

Aditya Birla Fashion and Retail (ABFRL) has acquired online-offline ethnic fashion retailer, Jaypore which offers curated collections of handmade, handwoven and handcrafted apparel, jewellery, home textiles, and accents, based on craft forms, from all over India. The Board of Directors of ABFRL has approved the signing of Share Purchase...

Retail

ABFRL introduces value fashion retail stores -- Style UP

Aditya Birla Fashion and Retail has opened a chain of large format value fashion stores called Style UP. The format targets shoppers in small cities across India. Style Up typically operates large format stores, between 6,000 sq ft to 8,000 sq ft, selling ethnic and western apparel and accessories for men, women and children. Currently Style Up...

Business

ABFRL posts Rs 70 crore profit in Q3

Aditya Birla Fashion & Retail posted 100 per cent growth in net profit to Rs 70 crore for the third quarter of the financial year 2018-19, ending December 31, 2019. The company had posted a net profit of Rs 35 crore during the corresponding period last year. Aditya Birla Fashion & Retail will see its lifestyle brands continue their growth...

Retail

Forever 21 re-enters Noida, launches new store

American fast-fashion brand Forever 21, a part of the Aditya Birla Fashion and Retail group has re-entered the Noida market with a new store at the DLF Mall of India. The newly opened store is spread over 7,573 sq. ft. of retail space and stocks latest collections for men and women. It also houses a wide range of dresses, blazers, patterned...

Retail

Amazon India launches SKULT, an athleisure brand

Amazon India has teamed up with Shahid Kapoor to launch an athleisure brand SKULT on Amazon Fashion platform. The garments under the brand, built on the core principle of ‘fashion meets functionality,’ are priced between Rs 599 and Rs 2,999. SKULT has introduced some new categories to the Indian market for example, the thumb holes, drop shoulder...

Retail

Fashion retail sees competition heat up between ABFRL, FLFL

Aditya Birla Fashion and Retail (ABFRL), the largest organised retailer of fashion and apparel in the country, is facing stiff competition from Future Lifestyle Fashions (FLFL). In FY17, ABFRL generated revenues of Rs 6,633 crore, a growth of 10 per cent year on year. FLFL grew at a much faster rate of 17 per cent with Rs 3,877crore in revenue...