Representative Image Mumbai: Novel Jewels, the jewellery business vertical of Aditya Birla Group, is planning to open 100 stores across India in the next 18 months with an investment of Rs 5,000 crore, its chief executive Sandeep Kohli said. Besides owned stores, the company also plans to look at franchisee models, Kohli told ET in…
New Delhi: The Aditya Birla Group on Friday launched a jewellery retail brand, Indriya, that directly pits it against the Tata Group‘s Tanishq and the Reliance Group‘s Reliance Jewels, and other national chains such as Kalyan Jewellers and Joyalukkas. The conglomerate with business interests spanning metals and cement to financial services and fashion is entering…
NEW DELHI: Shoppers Stop, India’s oldest department store chain, plans to enter luxury retailing with large-format standalone stores that will sell brands such as Gucci and Louis Vuitton, one person aware of the company’s plans told ET. The new format will also house the Aditya Birla Group’s luxury store The Collective, the person said. The…
TMRW house of brands, an Aditya Birla group venture has invested Rs 125 crore in Accel and Virat Kohli-backed WROGN. Founded in 2014, by the brother-sister duo of Anjana and Vikram Reddy, WROGN is a youth brands in the casual wear space. With this investment, TMRW added another leading millennial focused fashion and lifestyle brand,…
Suvankar Sen, MD & CEO, Senco Gold, says the endeavour of the Birla group to enter into the industry is just a signal that the industry is getting more and more organised. The story that we have been hearing over the last 5-10 years, the shift from the unorganised to organised, are the actions and…
The glittering storefronts of jewellery shops are fast becoming a prominent feature in shopping malls in India underscoring a shift in consumer preference towards established retailers. Each mall currently has about 8-10 jewellery stores, up from just one or two in 2021. These stores now occupy nearly 5% of total mall space, up from just…
Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday announced that the group will evaluate the vertical demerger of Madura Fashion & Lifestyle business from ABFRL into a separate listed company. “The Board of Directors of Aditya Birla Fashion and Retail Ltd. (ABFRL), at its meeting today, has authorized the management of the Company to…
Representative Image Aditya Birla Group‘s jewellery business under the brand name ‘Novel Jewels Ltd’ will start its operations this July, ET Now claimed quoting its sources. The company last June had announced its intention to get into the retail jewellery business with investment of around Rs. 5000 crore. The company had then said that the…
Anant Tanted, founder & CEO, The Indian Garage Co. TMRW, an ecommerce rollup venture owned by the Aditya Birla Group, has invested Rs 155 crore in menswear brand The Indian Garage Co (TIGC), it said in a statement on Wednesday. The Indian Garage Co, founded in 2012, chalked up Rs 300 crore in revenue in…
New Delhi: Louis Philippe, a premium menswear brand owned by the Aditya Birla Group, has forayed into the Middle East region with the opening of the brand’s newest outlet in the UAE. Besides, Aditya Birla Fashion and Retail Ltd (ABFRL) plans to increase its retail footprint by launching several additional Exclusive Brand Outlets (EBOs) of…
