Aditya Birla Fashion and Retail acquires TCNS Clothing
What: The Indian company will take a 51% stake in the fashion group in a deal valued at 1650 crore rupees (about USD 202 million).
Why it is important: ABFRL is prepared for its next phase of transformational growth with this acquisition as it expands its ethnic wear portfolio.
TCNS Clothing’s portfolio includes traditional Indian brands which the company has sold through more than 650 exclusive brand outlets, 2,300 large format stores, and 1,100 multi-brand outlets in its home market.
Related posts
EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript