Aditya Birla Fashion and Retail and Reliance Retail, leaders of India’s organised market of ready-to-wear apparel, have been on an acquisition spree. They have been acquiring, wholly or partially, the biggest luxury brands in the country. How will this impact the industry? Will this make designer wear affordable for more customers in the future?
Manish Malhotra, House of Masaba, Tarun Tahiliani, Sabyasachi, and Anamika Khanna. These are just a few of the many designer brand names that have drawn the attention and money of two of India’s biggest business groups — Aditya Birla and Reliance. The business groups’ retail and fashion arms — Aditya Birla Fashion and Retail Ltd (ABFRL) and Reliance Retail Ltd (RRL) — over the past 24 months or so, have been on a shopping spree. Both the
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Comment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise