Announced
Financials
Tags
Clothing and Accessories
Single Bidder
Pending
India
Private
Majority
designer brand
Acquisition
Friendly
Domestic
Synopsis
Aditya Birla Fashion and Retail, India’s fashion company, agreed to acquire a 51% stake in Sabyasachi, India’s largest designer brand, for $54m. This partnership will add significant weight to ABFRL’s growing ethnic wear portfolio. This will accelerate the company’s strategy to capture a large share of ethnic wear market through a comprehensive & attractive portfolio of brands, across key consumer segments, usage occasions and geographies.
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