Pantaloons renames itself to Aditya Birla Fashion & Retail

The name change is further to the effectiveness of the Composite Scheme of Arrangement between the company, ABNL, Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors.
Aditya Birla Fashion & Retail Ltd

India's premium clothing retail chain, Pantaloons Fashion & Retail, which was earlier acquired by Aditya Birla Nuvo Ltd. (ABNL) has recently announced change in its name to ‘Aditya Birla Fashion & Retail Ltd’. The change in name would be affective from 13th Jan, 2016, the company informed the BSE.
"The aforesaid name change is further to the effectiveness of the Composite Scheme of Arrangement between the company, ABNL, Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors," the company said.
In May, last year, ABNL combined all its branded apparel business into one single entity, Aditya Birla Fashion and Retail Ltd.
Following the above, entire apparel businesses of group holding company Aditya Birla Nuvo and of another group firm Madura Garments Lifestyle Retail would be demerged into listed firm Pantaloons Fashion & Retail Ltd (PFRL).
Madura currently owns retails brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England and People.
Aditya Birla signed an agreement with the Future Group to invest 1,600 cr into Pantaloons and acquired a majority stake in the store chain in 2012.

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