Non-metro India takes to luxury shopping; makes up to 50% sales of luxury e-tailers
Tata Cliq Luxury gets about 40% of its revenues, whereas ABFRL’s The Collective gets 50% of its sales from non-metro stores.
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Aditya Birla Group partners Galeries Lafayette to open luxury department stores in India
Aditya Birla Fashion and Retail has teamed up with France’s Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India
Aditya Birla Fashion to foray into D2C
Net profit of the fashion retailer rose over three-fold to ₹196.8 crore in the quarter ended December 2021.
Aditya Birla Group’s couture play
After acquiring 51% in Sabyasachi Mukherjee’s fashion house, Kumar Mangalam Birla-led ABFRL has picked up a 33.5% stake in Tarun Tahiliani’s couture label.
The showstopper deal
Sabyasachi Mukherjee has made it to the top of the couture sweepstakes. And now, with a new partner in Kumar Mangalam Birla-led ABFRL, the designer aims to expand his brand to the larger mass market.
The great Indian retail sale
Flipkart investing ₹1,500 crore in Aditya Birla Fashion and Retail shows it's not a winner-takes-all market, and there will be convergence between online and offline stores.
