ABFRL news and archive

Christian Louboutin signs joint venture deal with India’s ABFRL

Luxury footwear brand Christian Louboutin has established a new joint venture with Indian firm Aditya Birla Fashion and Retail Limited (ABFRL), which will see both partners hold an equal stake. As part of the deal, the brand’s current Indian business will be transferred into a newly incorporated subsidiary of ABFRL. In a release, Alexis Mourot,...

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India´s regulator approves Flipkart's minority stake acquisition in ABFRL

The Competition Commission of India (CCI) approved on Wednesday Flipkart’s acquisition of a minority stake in Aditya Birla Fashion and Retail Ltd (ABFRL). India´s e-commerce giant Flipkart proposed to acquire 7.8 percent stake in ABFRL through its wholly-owned subsidiary Flipkart Investments Private Ltd (FIPL). Conversely, in October last year,...