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Primarily the group wants to sell its supermarket chain to reinvest the amount in Aditya Birla Fashion and Retail (ABFRL) to maintain its dominant position in the category. Also, because food and grocery is a low margin business, the group wants to shift
Taking examples from leading textile and apparel retailers like Arvind Ltd. and Mandhana Industries, will other retail brands follow the demerger route? Let's find out.
Big retailers such as Westside, Big Bazaar, and Pantaloons amongst others are growing exponentially in smaller towns.
The trend of online retailers opening offline stores in malls and main streets continued as they aim to widen their customer bases.
More than USD 200 million invested by PE Firms/Wealth funds
Eastern India must have seen some bad times in term of retail industry, but times have transformed and the market is shining again.
The company recently engaged in a customer centric strategy to develop innovative collections inspired by customers and trendsetters for its more than 7,000 points of sale across premium multi-brand stores and department stores.
As per Cushman & Wakefield Retail Snapshot Q4 2016 results about one million square feet mall space expected to be added in 2017.
Pantaloons is looking at converting 5-6% of loss of sale from style station module. The company is inching towards achieving 5% of planned target.The company may achieve 1% of total Store sales by March this year.
Ted Baker London claims to be known as the world-renowned for its stylish and sophisticated menswear, womenswear, accessories and is loved for its quality and distinctive use of design and colour.
Vishak Kumar, who was heading the post before Kampani, will now be monitoring the business of Aditya Birla Fashion and Retail as its CEO.
Major conglomerates such as Tata, Arvind, Mahindra, Reliance Retail and Aditya Birla Retail explore online fashion, to take online e-tailers head on and fight digital battles with each other outside the store.
India’s largest apparel and retail company ‘Aditya Birla Fashion and Retail Limited’ has signed an exclusive deal to bring the Simon Carter designer wear brand into the country