Aditya Birla Fashion and Retail plans to demerge Madura Fashion & Lifestyle business into a separate listed entity for value creation.

Aditya Birla Fashion and Retail (ABFRL) plans to demerge its Madura Fashion & Lifestyle business into a separate listed entity, aiming to unlock opportunities for value creation. The ABFRL board has authorized the management to evaluate the vertical demerger of Madura Fashion & Lifestyle business. Post-demerger, ABFRL will focus on high-growth segments and raise growth capital within 12 months to strengthen its balance sheet. The Madura Fashion & Lifestyle business includes popular brands such as Louis Phillippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Reebok, and the innerwear business under Van Heusen.

April 01, 2024
20 Articles