Aditya Birla Fashion and Retail has acquired additional stake of 7.69% in Finesse. Accordingly, the Company now holds 58.69% stake in Finesse. The company had earlier acquired 51% stake in Finesse, a Company engaged in business with respect to brand 'Shantanu & Nikhil', thereby making it a subsidiary of the Company.
Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.
