Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Ltd. (ABFRL) 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 2015.ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an…
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Aditya Birla Fashion & Retail's board approved Q3 FY26 results. The company reported a consolidated net loss of ₹117.30 Cr, which included an exceptional charge of ₹28.48 Cr from the new Labour Code. The board also approved the amalgamation of Jaypore E-commerce and TG Apparel & Decor subsidiaries.
ABFRL launched OWND!, a new Gen Z fashion brand, accelerating its value fashion play. The company plans to convert existing StyleUp stores and expand OWND! to 100 stores by fiscal year-end, signaling strong growth initiatives.
Aditya Birla Fashion and Retail's wholly-owned digital fashion subsidiary, ABDFVL, has secured a significant investment of up to INR 437 Cr from ServiceNow Ventures Holdings, Inc. This strategic funding, facilitated through a private placement of compulsorily convertible preference shares, is set to boost ABDFVL's growth initiatives. This development underscores ABFRL's...
Aditya Birla Fashion and Retail Limited has announced a board meeting to discuss the financial results for the quarter and half-year. NSE Sustainability Ratings & Analytics assigned the company an ESG rating of 66 for FY2024, reflecting its environmental, social, and governance performance based on publicly available data. This independent...
Aditya Birla Lifestyle Brands Limited has announced a board meeting to allot 122.03 crore equity shares to Aditya Birla Fashion and Retail Limited shareholders under a restructuring scheme. The company cancelled 50,000 shares held by ABFRL and issued 5.55 lakh 8% non-cumulative redeemable preference shares to Birla Management Centre Services...