• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Aditya Birla Fashion plans ₹300-cr biz from acquisitions

21 Nov '19
1 min read
Pic: Aditya Birla Fashion Retailer Ltd
Pic: Aditya Birla Fashion Retailer Ltd

Aditya Birla Fashion Retailer Ltd is planning to create a business from its traditional wear acquisitions over four to five years to take on brands like Manyavar and Biba. It has recently entered the segment by fully acquiring Jaypore and TG Apparel and also entered into a partnership with designers Shantanu and Nikhil with a 51 per cent stake in Finesse.

The company foresees building at least a ₹200-300-crore business in the medium term, chief financial officer Jagadish Bajaj told analysts in a post-earnings conference call.

Launched in 2012, Jaypore currently has two stores and largely sells women’s clothing and accessories online.

The company is also working on launching a more affordable range of clothing under the Shantanu & Nikhil brand that now sells more pricey clothing, according to a report in top newspaper in south India. It will take some time to turn around Jaypore as it is loss-making, but the other new acquisitions do not have much losses, Bajaj said.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search