The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Indian company will take a 51 percent stake in the local fashion group in a deal valued at 1650 crore rupees (about $202 million).
TCNS Clothing’s portfolio of traditional Indian brands includes W, Aurelia, Wishful, Folksong and Elleven. As of March 31, the company sold its products through more than 650 exclusive brand outlets, 2300 large format stores and 1100 multi-brand outlets in its home market.
Chairman of Aditya Birla Fashion and Retail Limited (ABFRL) parent company Aditya Birla Group, Kumar Mangalam Birla, said the deal complements the company’s existing portfolio of brands across the entire spectrum of Indian fashion. “With this acquisition, the fast-growing ABFRL platform is poised for the next phase of transformational growth,” Birla added.
Previously, ABFRL has acquired or invested in Indian designer brands including Tarun Tahiliani, Sabyasachi, Shantanu & Nikhil and House of Masaba.
Learn more:
Aditya Birla Fashion and Retail Doubles Down on DTC Brands
The Indian fashion retail giant will set up a new entity to acquire and incubate digital-first fashion, beauty and lifestyle brands, according to regulatory filings.
The timeless appeal of the south Asian classic has gone global — and a new London exhibition shows how it has been reinvented.
The second edition of Oud Fashion Talks explored the forces transforming the Gulf’s fashion industry today, with key learnings from BoF Insights’ ‘Fashion in the Middle East’ report and from executives of local retailers, manufacturers, designers and entrepreneurs.
Accessible luxury and advanced contemporary brands in the US and Europe can expect greater competition from Australian labels expanding overseas like Camilla, Aje and Rebecca Vallance.
The Ugandan-born model how he is finding purpose in pursuing an unconventional career to support his family and the community he comes from.