The transfer marks one of many bigger exits by a personal investor from a home retail firm this yr. A number of institutional traders are anticipated to take part within the block deal, indicating continued curiosity in India’s premium way of life and attire house regardless of latest volatility.
ABLB, a part of the Aditya Birla Group, operates beneath the umbrella of Aditya Birla Trend and Retail Ltd (ABFRL) — one among India’s largest branded attire and way of life conglomerates.
The corporate homes a number of marquee labels resembling Louis Philippe, Van Heusen, Allen Solly, and Peter England, and has in recent times expanded aggressively into new classes like ethnic put on, activewear, and worldwide luxurious manufacturers.
Aditya Birla Life-style Manufacturers serves because the group’s automobile for constructing premium and luxurious style choices, together with partnerships with worldwide labels resembling Reebok, Ralph Lauren, Hackett London, and Ted Baker.
The corporate has additionally ventured into new-age retail codecs and omni-channel distribution, focusing on aspirational city shoppers.The sale by Flipkart Investments comes at a time when the Aditya Birla Group has been consolidating its style and way of life companies.Shares of Aditya Birla Life-style have been final seen hovering close to Rs 136 on the BSE.
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