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

How India’s fashion rental companies are carving a niche amid sustainability concerns

When former Delhi High Court attorney Aanchal Saini decided to change tactics in 2016 and set up an online company to offer luxury clothing for hire, he faced some skepticism from his peers, wondering if there was also a market for fashion rental. But it’s been more than five years and she hasn’t looked back. … Read more

H&M sales down 11%; still India’s largest fast fashion brand

Swedish fashion retailer Hennes & Mauritz (H&M) recorded an 11% drop in sales in the year to March 2021, but still managed to maintain its position as India’s largest fast fashion brand thanks to revenues resulting from aggressive store expansion and lower prices. H&M posted sales at Rs 1,402 crore in the 2020-21 period, down … 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