Aditya Birla Fashion-backed TMRW House of Brands completed the acquisition of a 16% stake in Universal Sportsbiz for c.$15m.

Aditya Birla Fashion-backed TMRW House of Brands, a fashion and lifestyle venture, completed the acquisition of a 16% stake in Universal Sportsbiz, a fashion accessories retailer, for c.$15m. "With the partnership with TMRW, Wrogn is ready to unlock its next phase of omni-channel growth. Apart from strengthening its leadership position on fashion platforms like Myntra, this partnership will help expand its offline footprint and provide impetus to scaling up the D2C business,” TMRW.