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Its raft of investments in 2021 included homegrown brands such as Ritu Kumar, a ₹950 crore majority stake buy in Purple Panda Fashions that owns innerwear brand Clovia, and a 60:40 venture with Anamika Khanna’s AK-OK brand. Reliance, too, has been scooping up brands, through RRVL and its premium arm, Reliance Brands Ltd (RBL). How to transfer shares from a demat account to another
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Premium trumps regular in demand for consumer durables Small Indian cinemas take on big Hollywood studiosĬontrasting Q2 stories of two tech giants of India In early 2021, it partnered with luxury designer Tarun Tahiliani to create affordable men’s clothing brand Tasva, acquired a 51% stake in couturier Sabyasachi, and swung a 51% stake in designer Masaba Gupta’s House of Masaba Lifestyle earlier this year, to leverage its Gen Z connect. It first acquired omni-channel retailer Jaypore for ₹110 crore and then picked up a 51% stake in homegrown designer duo Shantanu & Nikhil’s apparel company. Since 2019-2020, ABFRL, the retail arm of the $60 billion conglomerate Aditya Birla Group, has been quickly adding new allies.
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