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Read more about Aditya Birla Fashion acquires 51% stake in designer brand Sabyasachi on Business Standard. Sabyasachi is India's largest and most influential luxury designer brand with strong Indian roots and global appeal
Mumbai (Maharashtra) [India], January 28 (ANI): Aditya Birla Fashion and Retail Ltd (ABFRL) has announced a strategic partnership with India's largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand.
Aditya Birla Fashion and Retail to buy 51% stake in Sabyasachi for Rs 398 crore Sabyasachi had FY20 revenues of Rs 274 crore and Aditya Birla Fashion and Retail Ltd paid Rs 398 crore for the stake purchase. Designer Sabyasachi Mukherjee. (Image: Twitter @SabyaOfficial) Aditya Birla Fashion and Retail Ltd (ABFRL) has entered a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 percent stake in the brand, the leading fashion company announced on January 27. Sabyasachi had FY20 revenues of Rs 274 crore and ABFRL paid Rs 398 c...
Aditya Birla Fashion and Retail Limited to acquire 51% in Sabyasachi Couture Posted On: 2021-01-27 07:37:13 (Time Zone: Arizona, USA) India's leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India's largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51% stake in Sabyasachi brand. Sabyasachi is India's largest and most influential luxury designer brand with strong Indian roots and global appeal. The brand straddles categories such as apparel, accessories and jewelry and has a strong franchise in Indi...
The fund will submit expressions of interest, conduct due diligence and bring in expert management teams to run acquired companies. “We will be looking to develop this $10 billion fund and participating via EoIs — that does not mean we are going to win,” Agarwal told ET.