Board of Aditya Birla Fashion & Retail approves partnership with 'Tarun Tahiliani' Brand
At meeting held on 24 February 2021The Board of Aditya Birla Fashion & Retail at its meeting held on 24 February 2021 approved a strategic partnership with the brand 'Tarun Tahiliani' for its current couture business, as well as launch of a new line of affordable premium men's ethnic wear. The said partnership is being executed through: (1) Acquisition of 33.5% stake in Goodview Properties (GPPL) (current business) by way of entering into a Share Purchase and Subscription agreement (SPSA) along with a Shareholders Agreement (SHA). The current couture business under the brand 'Tarun Tahilian...
Source: business-standard.com