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Related Keywords: Aditya Birla Fashion and Retail Ltd, fashion, fast fashion, Louis Philippe, Pantaloons, Peter England, profit, quarter

Aditya Birla Fashion and Retail Ltd on August 6 reported over threefold jump in its net profit to Rs 21.56 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 5.60 crore in the June 2018 quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a statement.

Its net sales rose 7.94 percent to Rs 2,065.46 crore during the quarter, compare with Rs 1,913.52 crore in the corresponding quarter of the previous financial year.

ABFRL's total expenses were at Rs 2,047.83 crore as against Rs 1,916.39 crore, up 6.85 percent.

Related Keywords: Aditya Birla Fashion and Retail Ltd, apparel, brand, designs, footware, Louis Philippe, Peter England, Van Heusen

Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Peter England and Van Heusen, on Monday said it has acquired a 51% stake in Finesse International Design that retails bespoke ceremonial wear and contemporary apparel for men and women under the Shantanu and Nikhil brand for ₹60 crore.

Related Keywords: ABFRL, Aditya Birla Fashion and Retail Ltd, and style, better designs, branded garments market, cater to youth segment, colours, for a period of five years, high end markets, launch a new line of Khadi products, launch in metros starting this October, major initiative to bring Khadi, MSME, partnered with KVIC, under brand Peter England

After textile and apparel maker Raymond announced the launch of its Khadi label—Khadi by Raymond on Monday. Aditya Birla Fashion and Retail Ltd (ABFRL), formerly known as Pantaloons Fashion, on Tuesday partnered with Khadi and Village Industries Commission (KVIC), ministry of micro, small and medium enterprises (MSME) for a period of five years, to launch a new line of Khadi products under the brand Peter England. The collection named ‘Khadi by Peter England’ will be launched in the metros, starting October 2017.

Related Keywords: Aditya Birla Fashion and Retail Ltd, Garment Manufacturing, Handloom weavers, launch collection of handloom shirts, men fashion garments market, Menswear brand Peter England, Ministry of Textiles, partnership with India Handloom Brand, promote high quality handloom products

Menswear brand Peter England owned by Aditya Birla Fashion and Retail Ltd (ABFRL) in partnership with India Handloom Brand (IHB), launched on Monday a collection of handloom shirts from its stores across India, a government initiative to promote high quality handloom products.