Aditya Birla Group news and archive

American Eagle Outfitters set for India debut in 2018

American Eagle Outfitters is entering India through licensed stores. The company has signed a multi-year license agreement with the Aditya Birla Group, a leading Indian company having an extensive retail portfolio, as well as strong digital and omni-channel capabilities. The company said first stores are expected to open in Mumbai and Delhi in...

Fashion Featured

Aditya Birla Group launches New Age fabric Liva Crème

A few years ago, Aditya Birla Group made an attempt at something that had never been tried in the Indian textiles industry. From a pure commodity product, the company has transformed VSF into a high quality aspirational brand popularly known as ‘Liva’. “I believe, there has been a phenomenal rise in the number of tagged Liva garments in the...

Retail

Offline retailers push their omni-channel models for growth

While cash-rich e-tailers like Flipkart, Amazon and Snapdeal are posing a stiff competition to offline players by wooing consumers away with their discounting strategies, sale events and wide offers, offline retailers are busy launching omni-channel initiatives to drive business. From Aditya Birla Group, Reliance Industries to Tata, all have...

Retail

Aditya Birla Group to launch its online store

Joining the list of physical retailers, who are eyeing an online foray, the Aditya Birla Group is all set to launch its online fashion store abof.com to give a strong competition to existing fashion platforms like Myntra and Jabong. Fashion has always been considered a high margin business in the retail industry and companies are trying to...

Business

Aditya Birla Group revenue up 9 percent this fiscal year

Textiles-to-telecom conglomerate Aditya Birla Group’s consolidated revenue has crossed Rs 2.5 lakh crores mark with a growth of 9 percent in the latest fiscal. Group Chief Kumar Mangalam Birla said in his annual letter to the shareholders of Aditya Birla Nuvo. Global operations accounted for more than 50 percent of the group’s revenues, which...

Fashion

Aditya Birla Group tops Nielsen’s ‘CIM’ survey

Aditya Birla Group has topped Nielsen's Corporate Image Monitor (CIM) 2014-15 survey that measures the reputation of leading companies in the country. The survey was conducted across 42 companies with over 2,000 respondents in eight metros. The Birla group has been bagging the top spot consecutively for last three years. Some of the parameters...

BusinessFeatured

Aditya Birla merges retail biz to create two bn dollars entity

Kumar Mangalam Birla-led Aditya Birla Group has finally announced the merger of its two retail arms — the Aditya Birla Nuvo-owned fashion retailing business with Pantaloons Fashion & Retail. The merger has led to the launch of Rs 12,000 crores (around two billion dollars) branded apparel entity called Aditya Birla Fashion & Retail (ABFRL). As...

Business

Aditya Birla to merge More and MFL into Pantaloon

As reported earlier, the Aditya Birla Group may soon merge its two loss-making unlisted entities, Aditya Birla Retail, which runs More retail chain, and Madura Fashion & Lifestyle into Pantaloon Fashion & Retail, a listed entity. Sources suggest that the board of Pantaloon may meet next week to take a decision on the merger proposal. The...

Apparel

Pantaloons reports Q3 loss of Rs 15.66 cr

Pantaloons Fashions and Retail, now a part of Aditya Birla Nuvo, has reported a net loss of Rs 15.66 crores for the third quarter ended December 31, 2013 due to decline in net sales and other income. The company had reported profits worth Rs 20 lakh in the corresponding quarter a year ago, the company said in a filing to the BSE. Pantaloons' net...

Apparel

Pantaloon aims to increase store count to 150 in two years

A slump in the economy and low consumer buying has not affected the retail expansion plans of Pantaloon Fashion & Retail, now owned by the Aditya Birla group. The company aims to increase its store count from 77 to 150 in 2 years. It has also announced double-digit increment to its workforce. Media reports suggest that after picking majority...

Apparel

Birla Retail to open 100 supermarkets every year

Aditya Birla Retail, the retailing arm of Aditya Birla group, is looking at opening 100 supermarkets under 'More' brand every year in the next three years, including this year, to bolster its retail presence. Birla Retail is also planning to open half dozen hypermarkets next financial year. Birla's plans come after the retailer closed 40...

Apparel

Everstone, India Value Fund, Aditya Birla eye stake in Spykar

Everstone Capital, India Value Fund and the Aditya Birla Group are said to be vying for a controlling stake in Spykar Lifestyle, the biggest home-grown denim brand. The three firms joined the race after Avigo Capital, which has 60 per cent stake in Spykar decided to exit mandating global investment bank Lincoln International to scout for...