Besides, Aditya Birla Fashion and Retail Ltd (ABFRL) plans to increase its retail footprint by launching several additional Exclusive Brand Outlets (EBOs) of its brands throughout the Middle East in the near future, Jacob John, company's President – Premium Brands, said.
Diversified Aditya Birla Nuvo has planned a capital expenditure of Rs 650 crore in the current financial year, more than twice it spent last year.
Aditya Birla Nuvo is in advanced talks with a few private equity players to sell its business division Madura Fashion and Lifestyle, reports CNBC-TV18's Harish Rao.
Madura Fashion & Lifestyle today announced a new retail identity for its premium apparel brand Van Heusen at its flagship store in the capital, with an aim to provide enhanced shopping experience to its consumers.