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ABFRL picks up 33 5% stake in Tarun Tahiliani brand to strengthen position in ethnic wear segment
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Designer Tarun Tahiliani to sell 33% stake to Aditya Birla Fashion
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HC seeks Centre s response on plea challenging North East Delhi riots report ANI | Updated: Feb 23, 2021 20:40 IST
New Delhi [India], February 23 (ANI): The Delhi High Court on Tuesday sought a response from the Government of India on a petition challenging the report of a fact-finding committee constituted by the Delhi Minorities Commission in relation to February 2020 North East Delhi violence.
The plea sought to quash and set aside a report dated June 27, 2020 published by the fact-finding committee constituted.
The plea has also challenged several private reports, including those published by Human Rights Watch, the Citizens and Lawyers Initiative and Amnesty International India.
The tenets of building a luxury brand versus a mass market brandâ¦
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In the light of Aditya Birla Fashion and Retail acquiring designer brand Sabyasachi, we explore the tenets of building a luxury versus a mass market brand.
Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in the latter. Sabyasachi is Indiaâs largest and most influential luxury designer brand, with strong Indian roots and global appeal.
The brand straddles categories such as apparel, accessories and jewellery, and has a strong franchise in India, US, UK and the Middle East. The ABFRL platform will complement Sabyasachi in its journey to becoming a global luxury house out of India.
Updated Jan 28, 2021 | 12:24 IST
Earlier, Aditya Birla Fashion bought Finesse International Design, which sells bespoke apparel retail brand Shantanu & Nikhil, for Rs 60 crore. The Sabyasachi brand deals in categories such as apparel, accessories and jewellery and has a strong franchise in India, the US, UK and Middle East.
New Delhi: Aditya Birla Fashion & Retail (ABFRL) has acquired controlling stake (51%) in fashion designer Sabyasachi Mukherjee s Sabyasachi Couture for Rs 398 crore in an all-cash deal. The deal is expected to be completed in 30-45 days, Aditya Birla Fashion said in a statement. Established in 1990, the Sabyasachi brand deals in categories such as apparel, accessories and jewellery and has a strong franchise in India, the US, UK and Middle East, with annual revenue of Rs 274 crore.
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