Pantaloon Group

Aditya Birla Fashion and Retail Ltd.
TypePublic
BSE: 535755
NSE: ABFRL
IndustryRetail
Founded1997
Headquarters
Mumbai, Maharashtra
,
India
Area served
India
Key people
Ashish Dikshit (MD)
ProductsClothing
Brands
RevenueIncrease ₹12,534 crore (US$1.6 billion) (2023)[2]
Increase ₹1,493 crore (US$190 million) (2023)[3]
Increase ₹−36 crore (US$−4.5 million) (2023)[3]
Total assetsIncrease ₹17,041 crore (US$2.1 billion) (2023)[3]
Total equityIncrease ₹3,346 crore (US$420 million) (2023)[3]
OwnerAditya Birla Group (56%)
Number of employees
28,500+ (2023)[4]
ParentAditya Birla Group
Websitewww.abfrl.com

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group.[5]

History

A Pantaloons store in Kolkata.

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]

Store

As on 31 March 2023, ABFRL has a network of at least 3,977 stores with a presence across approximately 33,535 multi-brand outlets with 6,723 point of sales in department stores across India.[9][10][11]

Operations

ABFRL portfolio includes several brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years.[12] Pantaloons brands caters to men, women and children with a mix of private labels and licensed brands in apparel and accessories.[13]

ABFRL holds online and offline rights to the India network of California-based fashion brand Forever 21. Its International Brands portfolio includes The Collective and select mono-brands such as Simon Carter, Hackett London, Ted Baker, Ralph Lauren, American Eagle, and Fred Perry.[14]

Partnership, Merger & Acquisition

Starting in the 2010s, the company made multiple acquisitions and mergers.[15]

Year Type Company Name Notes Valuation/Stake Cites
2012 Joint Venture Hackett Hackett Limited is a British clothing brand for men and boys. Hackett is partnered with Madura Fashion owned by Aditya Birla Group. 50% stake [16]
2016 Partnership Ted Baker Ted Baker is a British high-street clothing retail company, founded in 1988 in Glasgow, Scotland - [17][18]
2016 Acquisition Forever 21 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 [19]
2017 Partnership Simon Carter Simon Carter Ltd. Is a British fashion design company specialising in men's accessories and menswear, founded in London in 1985 NA [20]
2018 Partnership American Eagle Outfitters American Eagle Line is an American clothing and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania, founded in 1977. N/A [21]
2018 Partnership Ralph Lauren Ralph Lauren Corporation is an American publicly traded fashion company, founded in 1967 by American fashion designer Ralph Lauren NA [22]
2019 Acquisition Jaypore Jaypore is an Indian fashion women entnic wear brand ₹110 crore [23]
2019 Acquisition TG Apparel & Decor TG Apparel & Decor is an Indian clothing brand N/A [24]
2019 Acquisition Shantanu & Nikhil Shantanu & Nikhil is an Indian Fashion Designer 51% Stake [25]
2021 Partnership Sabyasachi Sabyasachi is an Indian fashion & jewellery label 51% Stake (Rs 398 crore) [26]
2021 Partnership Tarun Tahiliani Tarun Tahiliani is an Indian fashion & jewellery designer 33.5% Stake (Rs 67 crore) [27]
2022 Agreement to Sell Reebok Reebok is an American fitness footwear and clothing brand N/A [28]
2022 Partnership Masaba Gupta Masaba Gupta is an Indian fashion designer 51% stake [29][30]
2022 Partnership Galeries Lafayette ABFRL enters into a strategic partnership with Galeries Lafayette, renowned globally for its flagship location at Boulevard Haussmann in Paris 50% stake [31]
2023 Acquisition TCNS Clothing Limited TCNS Clothing is an Indian public limited company, owner of the women's branded apparel retailer 51% stake [32][33]
2023 Partnership Christian Louboutin Christian Louboutin is a French fashion designer, popularly known for his shiny, red-lacquered soles. N/A [34]

References

  1. ^ "Aditya Birla Fashion and Retail proposes to raise Rs 500 crore through NCDS". 6 January 2023.
  2. ^ "Aditya Birla Fashion And Retail Limited Q4 FY-23" (PDF). bseindia.
  3. ^ a b c d "Aditya Birla Fashion and Retail Ltd. Financial Statements" (PDF). bseindia.com.
  4. ^ "ABFRL 2023 Report" (PDF). BSE India.
  5. ^ a b "Pantaloons changes its name to Aditya Birla Fashion and Retail". The Economic Times. Retrieved 23 October 2020.
  6. ^ Agarwal, P. R. Sanjai,Sapna (3 May 2015). "Aditya Birla Group to merge apparel business units". mint.{cite news}: CS1 maint: multiple names: authors list (link)
  7. ^ "Aditya Birla's Madura Fashion and Lifestyle business to move to a 12-season cycle". FashionNetwork.com.
  8. ^ "Aditya Birla Nuvo acquires major stake in Pantaloons - The Textile Magazine". Indiantextilemagazine.
  9. ^ "Aditya Birla Fashion Board meeting on 23 October to consider proposal on fund raising; shares up by 6 per cent". Zee Business. 21 October 2020.
  10. ^ "Aditya Birla Fashion and Retail Limited". sebi.gov.in.
  11. ^ "Deciphering Aditya Birla Fashion's growth plans". The Economic Times.
  12. ^ "The Trends" (PDF). abfrl.com.
  13. ^ Mudgill, Amit. "Will ABFRL stock hit Rs 200 mark after big Flipkart deal?". The Economic Times.
  14. ^ "ABFRL completes acquisition of Forever 21 for Rs 175 crore - ET Retail". ETRetail.com.
  15. ^ "Media | Press releases | Aditya Birla Nuvo to acquire controlling stake in Future Group's Pantaloons Format business". Aditya Birla Nuvo. 30 April 2012. Retrieved 22 June 2014.
  16. ^ "Aditya Birla Group's Madura Fashion & Lifestyle enters luxury single brand retail with UK's Hackett". The Economic Times. 12 September 2012.
  17. ^ "Aditya Birla signs Ted Baker deal for India". FashionNetwork.com.
  18. ^ "Aditya Birla Fashion to bring UK brand Ted Baker to India". The Economic Times. 4 November 2016.
  19. ^ "Aditya Birla Fashion to acquire Forever 21 in India for $26 mn". The Economic Times. 5 July 2016.
  20. ^ "Simon Carter enters India via tie-up with Aditya Birla Fashion and Retail". Financialexpress.
  21. ^ Pani, Priyanka. "Aditya Birla Fashion brings American Eagle line to India". @businessline.
  22. ^ "Ralph Lauren enters into license agreement with ABFRL to open stores in India". FashionNetwork.com.
  23. ^ Tandon, Suneera (10 June 2019). "Aditya Birla Fashion and Retail acquires Jaypore". mint.
  24. ^ "Aditya Birla Fashion Retail to acquire 2 ethnic wear brands". The Times of India. 10 June 2019.
  25. ^ "Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & Nikhi". The Economic Times. 15 July 2019.
  26. ^ "Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore". Timesnownews.
  27. ^ "Aditya Birla Fashion partners with Tarun Tahiliani for ethnic wear brand". Financialexpress.
  28. ^ Malviya, Sagar (13 August 2022). "Aditya Birla Fashion to now own and operate Reebok stores in select markets". The Economic Times.
  29. ^ "Masaba Gupta announces partnership with Aditya Birla Fashion and Retail Limited". Vogue India. 14 January 2022.
  30. ^ "Aditya Birla Fashion ties up with designer Masaba Gupta to launch new D2C brand". India Today.
  31. ^ "ABFRL ties up with French co Galeries Lafayette". The Times of India. 18 November 2022.
  32. ^ Malviya, Sagar (6 May 2023). "Aditya Birla Fashion to acquire 51% stake in TCNS Clothing for Rs 1,650 cr". The Economic Times.
  33. ^ Staff Writer (6 May 2023). "ABFRL to acquire controlling stake in ethnic wear owner TCNS". mint.
  34. ^ "Christian Loboutin has announced a joint venture partnership in India with Aditya Birla Fashion and Retail Limited". BruTimes.

External links