| Aditya Birla Fashion and Retail Ltd. | |
| Type: | Public |
| Traded As: | |
| Industry: | Retail |
| Foundation: | 1997 |
| Location City: | Mumbai, Maharashtra |
| Location Country: | India |
| Area Served: | India |
| Key People: | Ashish Dikshit (MD)[1] |
| Products: | Clothing |
| Revenue: | (2024)[2] |
| Operating Income: | (2024)[3] |
| Assets: | (2024) |
| Equity: | (2024) |
| Num Employees: | 26500+ (FY2024)[4] |
| Parent: | Aditya Birla Group |
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]
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]
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]
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.
Starting in the 2010s, the company made multiple acquisitions and mergers.[22]
| Year | Type | Company Name | Notes | Valuation/Stake | Cites | |
|---|---|---|---|---|---|---|
| 2012 | Joint Venture | Hackett Limited is a British clothing brand for men and boys. Hackett is partnered with Madura Fashion owned by Aditya Birla Group. | 50% stake | [23] | ||
| 2016 | Partnership | Ted Baker is a British high-street clothing retail company owned by J Swamy, founded in 1988 in Glasgow, Scotland | - | [24] [25] | ||
| 2016 | Acquisition | 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 | [26] | ||
| 2017 | Partnership | Simon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985 | NA | [27] | ||
| 2018 | Partnership | American Eagle Line is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania, founded in 1977. | N/A | [28] | ||
| 2018 | Partnership | NA | [29] | |||
| 2019 | Acquisition | Jaypore | Jaypore is an Indian fashion women entnic wear brand | ₹110 crore | [30] | |
| 2019 | Acquisition | TG Apparel & Decor | TG Apparel & Decor is an Indian clothing brand | N/A | [31] | |
| 2019 | Acquisition | Shantanu & Nikhil | Shantanu & Nikhil is an Indian Fashion Designer | 51% Stake | [32] | |
| 2020 | Partnership | Fred Perry is a British heritage brand founded in 1952, known for its sport and subculture connections. | - | [33] | ||
| 2021 | Partnership | Sabyasachi is an Indian fashion & jewellery label | 51% Stake (Rs 398 crore) | [34] | ||
| 2021 | Partnership | Tarun Tahiliani is an Indian fashion & jewellery designer | 33.5% Stake (Rs 67 crore) | [35] | ||
| 2022 | Agreement to Sell | Reebok is an American fitness footwear and clothing brand | N/A | [36] | ||
| 2022 | Partnership | Masaba Gupta is an Indian fashion designer | 51% stake | [37] [38] | ||
| 2022 | Partnership | ABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris | 50% stake | [39] | ||
| 2023 | Acquisition | TCNS Clothing Limited | TCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer | 51% stake | [40] [41] | |
| 2023 | Partnership | Christian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles. | N/A | [42] |