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.
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