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Aditya Birla Fashion to list flagship lifestyle brands as separate entity

BENGALURU (Reuters) - Apparel retailer Aditya Birla Fashion and Retail (ABFRL) said on Monday it was planning to demerge Madura Fashion & Lifestyle into a separate listed entity. The move follows the company posting losses for the last three quarte.

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Aditya Birla Fashion proposes to demerge Madura Fashion business into separate listed entity

The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate listed .

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Louis Philippe and Van Heusen open new stores in Qatar

India Retailing is the one-stop source for News, updates, intelligence, articles, & analysis on Retail Industry trusted by business leaders.

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Revealing a Stylish Sustainable Future: Aditya Birla Fashion and Retail Introduces Fashionabling Earth , a Unique 3D Coffee Table Book at Bharat Tex 2024

Revealing a Stylish Sustainable Future: Aditya Birla Fashion and Retail Introduces Fashionabling Earth , a Unique 3D Coffee Table Book at Bharat Tex 2024
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ABFRL s consolidated revenue surges 16% in Q3 FY24 despite muted demand, ET Retail

ABFRL s consolidated revenue from operations stood at Rs 4,167 crore in Q3 FY24 as against Rs 3,589 crore in Q3 FY23, as per the BSE filing. However, it reported a consolidated net loss of Rs 107.60 crore in Q3 FY24. The company had reported a consolidated net profit of Rs 11.21 crore in the previous year s same period.

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