Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 13 2016

Pantaloons renamed as Aditya Birla Fashion and Retail Ltd

Pantaloons Fashion & Retail’s name has been changed to 'Aditya Birla Fashion and Retail Ltd' following its acquisition by Aditya Birla Nuvo Ltd (ABNL).

"The aforesaid name change is further to the effectiveness of the composite scheme of arrangement between the company, ABNL, Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors," the company said. In May 2015, ABNL announced merger of all its branded apparel businesses into one entity, Aditya Birla Fashion and Retail Ltd, reported PTI.

Under the scheme of arrangement, the apparel businesses of group holding company Aditya Birla Nuvo and of another group firm Madura Garments Lifestyle Retail would be demerged into listed firm Pantaloons Fashion & Retail Ltd (PFRL).

Madura owns and retails brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England and People. In 2012, Aditya Birla Nuvo had entered into an agreement with the Future Group to infuse Rs 1,600 crore into Pantaloons and acquire a majority stake in the store chain.

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Cafe social is focused on providing a safe and..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Furniture/Home Decor & Furnishing
    About Us: •SMS Scientific Pvt. Ltd. is well known brand in..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Launched in 2015, YoMama is a chain of cafes..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    1975 - The Chicken Company Concept 1975 -The chicken Co. is a..
    Locations looking for expansion Madhya pradesh
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities