Related Keywords: Aditya Birla Group, create largest branded apparel company, merging Madura Fashion and Lifestyle, rename Aditya Birla Fashion and Retails, synergy and strengthen regional market share, with Pantaloon Fashion and Retail
The Aditya Birla Group plans to create the country’s largest branded apparel company by merging apparel-making Madura Fashion and Lifestyle division from Aditya Birla Nuvo (ABNL) with loss-making Pantaloon Fashion and Retail. Pantaloon, which will be renamed Aditya Birla Fashion & Retail, will have a combined turnover of around Rs 5,290 crore with an operating profit or EBIDTA of Rs 493 crore.
