Aditya Birla Fashion and Retail faces data breach on its portal

Aditya Birla Fashion and Retail Ltd (ABFRL) is facing a data breach on its portal and the company is investing in the incident. Meanwhile, the company has assured that it will not have any operational or commercial impact on its operations. The company hired forensic security experts to investigate the data breach incident in which … Read more

Aditya Birla Fashion (ABFRL) Data Allegedly Leaked Online, Over 5 Million Email Addresses Breached

Aditya Birla Fashion and Retail Limited (ABFRL), an India-based fashion retail company, has become a victim of a massive data breach. Data with over 5.4 million email addresses have been allegedly scraped from the Aditya Birla Group-owned platform and posted publicly. The alleged database includes personal customer information such as names, phone numbers, addresses, dates … Read more

Aditya Birla Fashion to acquire 51% stake in brand Masaba, aims Rs 500 cr revenue in next 5 years

Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51% majority stake in the popular and contemporary brand “Masaba” promoted by leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a “binding term sheet” agreement to acquire a 51% stake … Read more

India’s Aditya Birla Fashion to buy 51% stake in House of Masaba

Adds background, details about the deal BENGALURU, January 14 (Reuters) – Aditya Birla Fashion and Retail (ABFRL) of India ADD.NS said Friday that it will purchase a 51% stake in House of Masaba Lifestyle for approximately Rs. 900 million ($ 12.14 million) as it seeks to strengthen its presence in the fast-growing segment. Major Indian … Read more

India’s Aditya Birla Fashion to buy exclusive rights to Reebok in India

Boards with the Reebok store logo can be seen in a shopping mall at the Belaya Dacha Village Outlet outside Moscow, Russia, April 23, 2016. REUTERS / Grigory Dukor / File Photo BENGALURU, Dec. 14 (Reuters) – Indian firm Aditya Birla Fashion and Retail Ltd (ADIA.NS) said on Tuesday it has primarily approved the purchase … Read more