Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Peter England and Van Heusen has acquired a 51% stake in Finesse International Design that retails bespoke ceremonial wear and contemporary apparel for men and women under the Shantanu and Nikhil brand for ₹60 crore. The latest acquisition will help ABFRL expand its presence in the branded ethnic apparel and accessories market covering both bespoke ceremonial wear and prêt lines.
Aditya Birla Fashion acquires 51% stake in Finesse International for ₹60 crore
Date posted: Tuesday 16 July 2019