Latest news with #LouisPhilippe
Time of India
24-06-2025
- Business
- Time of India
Birla eyes billion-dollar club for clothing brands
HighlightsAditya Birla Group aims for its lifestyle brands Louis Philippe, Van Heusen, Allen Solly, and Peter England to achieve billion-dollar status within a decade, capitalizing on the increasing consumer interest in fashion and higher discretionary spending. Currently, Louis Philippe and Van Heusen each generate sales exceeding Rs 2,000 crore, while Allen Solly and Peter England surpass Rs 1,000 crore each, highlighting the growth potential within the Indian fashion market. The Indian fashion industry is projected to grow to $170 billion by 2030, presenting a significant opportunity for Aditya Birla Group's brands as consumers shift from unbranded to branded products. Aditya Birla Group expects four of its lifestyle brands — Louis Philippe , Van Heusen , Allen Solly , and Peter England — to achieve billion-dollar status within a decade, benefiting from rising consumer interest in fashion, and higher discretionary spending, among other factors. While international lifestyle brands such as Louis Vuitton, Nike, Chanel, and Adidas have achieved multi-billion-dollar status, Indian fashion brands are yet to reach the billion-dollar milestone. Currently, Louis Philippe and Van Heusen each generate sales over Rs 2,000 crore, with Allen Solly and Peter England exceeding Rs 1,000 crore each. For comparison, the Raymond brand, owned by Gautam Singhania, generates sales exceeding Rs 3,000 crore. Aditya Birla Group ventured into fashion and lifestyle in 1999 by purchasing the four brands from European company Coats. Since then, the apparel business has seen several structural reorganisations. Initially operating as a division of Indian Rayon and Industries, the four brands were subsequently transferred to Aditya Birla Fashion and Retail. Currently, they operate under Aditya Birla Lifestyle Brands , which commenced trading on the stock exchanges on Monday. Its shares closed at Rs 159 on the BSE, showing a decline of nearly 5%. Group chairman Kumar Mangalam Birla said, 'Our ambition is clear: to build India's first portfolio of billion-dollar brands in fashion and lifestyle.' The quartet of brands, which began their journey in menswear, have since diversified their product range to include womenswear, footwear, bags and fashion accessories. The Indian fashion industry is projected to expand to $170 billion by 2030, representing a 1.5-fold increase from current figures. According to the group, this expansion, driven by consumers shifting from unbranded to branded products, presents an 'incredible opportunity' for the brands to grow substantially.
Time of India
23-06-2025
- Business
- Time of India
Aditya Birla Group eyes billion-dollar club for clothing brands
MUMBAI: Aditya Birla Group expects four of its lifestyle brands - Louis Philippe, Van Heusen, Allen Solly, and Peter England - to achieve billion-dollar status within a decade, benefiting from rising consumer interest in fashion, and higher discretionary spending, among other factors. While international lifestyle brands such as Louis Vuitton, Nike, Chanel, and Adidas have achieved multi-billion-dollar status, Indian fashion brands are yet to reach the billion-dollar milestone. Currently, Louis Philippe and Van Heusen each generate sales over Rs 2,000 crore, with Allen Solly and Peter England exceeding Rs 1,000 crore each. For comparison, the Raymond brand, owned by Gautam Singhania, generates sales exceeding Rs 3,000 crore. Aditya Birla Group ventured into fashion and lifestyle in 1999 by purchasing the four brands from European company Coats. Since then, the apparel business has seen several structural reorganisations. Initially operating as a division of Indian Rayon and Industries, the four brands were subsequently transferred to Aditya Birla Fashion and Retail. Currently, they operate under Aditya Birla Lifestyle Brands, which commenced trading on the stock exchanges on Monday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Its shares closed at Rs 159 on the BSE, showing a decline of nearly 5%. Group chairman Kumar Mangalam Birla said, "Our ambition is clear: to build India's first portfolio of billion-dollar brands in fashion and lifestyle." The quartet of brands, which began their journey in menswear, have since diversified their product range to include womenswear, footwear, bags and fashion accessories. The Indian fashion industry is projected to expand to $170 billion by 2030, representing a 1.5-fold increase from current figures. According to the group, this expansion, driven by consumers shifting from unbranded to branded products, presents an "incredible opportunity" for the brands to grow substantially. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
23-06-2025
- Business
- Mint
Newly listed Aditya Birla Lifestyle aims to invest ₹300 crore every year
Mumbai/ Bengaluru: Newly listed Aditya Birla Lifestyle Brand Ltd is betting on its multi-brand portfolio to double its revenue and improve profitability threefold in the coming years, according to a senior executive. 'We plan to invest ₹300-odd crore every year, a large part of it will go into the expansion of the retail network," said Ashish Dikshit, managing director of Aditya Birla Lifestyle Brands Ltd (ABLBL), during the company's listing on stock exchanges. It was spun off from Aditya Birla Fashion and Retail Ltd. Shares of ABLBL fell 4.98% to ₹159.40 on Monday compared with a 0.56% decline in Nifty 50. Read more: Apparel retailers reset their summer calendar with early end-of-season sales as consumer spending cools ABLBL has a retail presence of more than 3,250 stores, with 70% of the outlets run by franchisees under an asset-light model. Retail contributes to 60% of ABLBL's revenue, followed by e-commerce at 13-14%, and the rest comes from exports and tie-ups with departmental stores, according to an executive privy to the information. Post-demerger strategy Aditya Birla Fashion demerged its Madura Fashion & Lifestyle business into ABLBL to sharpen operational focus and unlock shareholder value, according to the company's information memorandum. The move, formalised through a scheme of arrangement, aims to streamline the group's fashion portfolio by separating its lifestyle brands, including Louis Philippe, Van Heusen, Allen Solly and Peter England, into an independent company. This structure enables each business to pursue distinct growth strategies and tailor capital allocation. Post demerger, ABLBL is expected to deploy cash flows more efficiently, expand its brand portfolio with agility and engage more effectively with targeted investor segments. ABLBL now plans to scale up to 4,500 stores by FY30 and expand average store sizes from 1,400 sq. ft. to 2,000 sq. ft., growing total retail area by 50%. It aims to exceed 1,000 stores each for its four flagship brands, Louis Philippe, Van Heusen, Allen Solly and Peter England. Over 580 of its stores already serve small towns, and more than half its revenue comes from consumers under 35, according to a 23 June note by Motilal Oswal Financial Services Ltd. The bullish outlook mirrors Boston Consulting Group's estimates that India's overall retail market is likely to grow to $2 trillion within the next decade, up from $820 billion in 2023. However, the competition in India's fast-growing apparel industry is rising. Tata-backed Trent Ltd, which aims to grow its value brand Zudio by 25% in the coming years, reaffirming chairman Noel Tata's vision of expanding the company 10 times its current size. The brand added 244 stores in FY25 alone and now has 765 outlets across 235 cities. Read more: Aditya Birla Group has chalked out an aggressive five-year plan for fashion, lifestyle units ABLBL's fashion format also competes with Ambani-backed Reliance Retail, which has ₹3.3 lakh crore in revenue and has a presence of over 19,000 stores, with brands like Trends, Azorte, Yousta, and partnerships with global labels such as GAP, Superdry, and Balenciaga. Aditya Birla Lifestyle wants to build India's first billion-dollar brands over the next decade. While the company's larger brands including Louis Philippe, Van Heusen, and Allen Solly are already in the ₹2,000–2,500 crore range, the newer additions of Reebook, Van Hausen and American eagle are poised to 'scale rapidly in the large, under-penetrated and high-growth territories spaces of innerwear, activewear and casuals," said Dikshit. The company is not looking at any acquisitions in the immediate future, citing reasons of an already diverse portfolio, but remains open to inorganic growth opportunities in the next four to five years. The company is targeting a revenue growth of around 10% over FY25–28, wrote analysts at Motilal Oswal in the note. 'ABLBL is the largest player in branded apparel by revenue and store footprint, but its execution has been patchy in recent years," MOSL said. The company aims to add 250+ stores annually and aims to double revenue by FY30. It also expects to become debt-free and start dividend payouts by FY28. According to Motilal Oswal, both gross and EBITDA margins are projected to rise by 80–140 basis points between FY25 and FY28. The analyst report flags a few areas of concern regarding the newly listed demerged entity. Muted demand trends, slower momentum in scaling up newer brands such as Reebok and American Eagle, and rising store operating costs could pose challenges. In addition, investors who entered during the demerger or recent fundraising by Aditya Birla Fashion, may choose to exit, creating short-term pressure on the stock. Read more: Inside India's underground network of fake e-commerce reviews
Mint
23-06-2025
- Business
- Mint
Aditya Birla Lifestyle Brands share price falls 4% after listing. Do you own?
Aditya Birla Lifestyle Brands share price fell over 4 per cent on Monday, June 23 after listing on both NSE and BSE. The stock touched an intraday low to ₹ 159.15 amid stock market crash due to ongoing Israel-Iran war. Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) were listed on June 23 at ₹ 167 per share on the NSE and ₹ 167.75 on the BSE, after being demerged from Aditya Birla Fashion and Retail Limited (ABFRL). The stock's discovered price stood at ₹ 171 per share. The BSE has announced that the stock will be moved to the T Group of Securities and will trade under the Trade-for-Trade segment for a period of 10 trading days. As part of the arrangement, Aditya Birla Fashion and Retail Ltd (ABFRL) has demerged its Madura Fashion & Lifestyle (MFL) division, transferring it to Aditya Birla Lifestyle Brands. Shareholders holding ABFRL shares as of the market close on May 21 will be entitled to receive shares of the newly demerged entity. Shareholders of Aditya Birla Fashion will receive one share of the newly formed company, Aditya Birla Lifestyle Brands Ltd., for each share they hold on the record date. This new entity will include the western wear legacy brands along with growth-focused labels such as Reebok, American Eagle, and Van Heusen innerwear. It will also encompass popular names like Louis Philippe, Van Heusen, Allen Solly, and Peter England. Meanwhile, Aditya Birla Fashion and Retail will retain brands like Pantaloons, the ethnic wear segment under TCNS Clothing, premium designer labels such as Sabyasachi, Tarun Tahiliani, Masaba, and Shantanu-Nikhil, as well as premium offerings like Tasva and Jaypore, and luxury retail brand The Collective. 'This moment marks both a recognition of the progress we have made and a clear signal of the scale of opportunity that lies ahead. India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver. ABLBL's foundation is built on enduring strengths that set it apart in a competitive market. Our ambition is clear. To build India's first portfolio of billion-dollar brands in fashion and lifestyle," said Kumar Mangalam Birla, Chairman, Aditya Birla Group. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
22-06-2025
- Business
- India.com
Shop Men's Wallets at Myntra Big Brands Bash (18 to 22 June 2025)
Men's wallets are available during the Myntra Big Brands Bash (18 to 22 June 2025) at reduced prices. These wallets are made from quality materials and come in different styles like bi-fold, slim, and card holders. They are useful for daily use and come with multiple compartments. This sale is a good time to buy a wallet that is both practical and stylish. Louis Philippe Brown Leather Wallet Image Source: Order Now Crafted from premium leather, this brown two-fold wallet from Louis Philippe blends timeless appeal with refined utility. Its smooth finish and compact profile make it ideal for those who appreciate understated elegance in their everyday accessories. Designed to be durable and stylish, it slips neatly into pockets without adding bulk. Key Features: High-quality leather exterior with a rich brown tone Two-fold design with dedicated slots for cards and cash Slim silhouette for easy fit in trouser or jacket pockets Minimal branding keeps the look clean and classic May lack RFID protection feature found in newer models Van Heusen Leather Wallet With SD Card Holder Image Source: Order Now This leather wallet from Van Heusen offers both style and added functionality. Apart from classic compartments, it includes an SD card holder, which is a handy touch for tech-savvy professionals. Its modern design and quality finish make it a practical yet premium daily essential. Key Features: Crafted from fine leather with a polished grain texture Built-in SD card slot and multiple card compartments Sleek two-fold structure for portability and convenience Subtle logo placement adds a premium touch May not include a coin pocket for loose change Tommy Hilfiger Black Leather Wallet Image Source: Order Now With its signature sophistication, Tommy Hilfiger delivers a black leather wallet that's as dependable as it is stylish. Made from genuine leather, it has a clean, solid design and functional layout, offering a premium feel every time you use it. Ideal for daily business or casual use. Key Features: Genuine leather material with iconic Tommy Hilfiger detailing Bi-fold layout with slots for cards, cash, and ID display Compact yet roomy enough to carry essentials Branded interior lining reflects attention to detail Slightly pricier compared to similar unbranded options Allen Solly Striped Leather Wallet Image Source: Order Now Allen Solly's striped two-fold wallet introduces a fresh look to your accessories collection. The leather build ensures durability, while the stylish stripe detailing adds a youthful twist. A perfect blend of trend and function, it suits both formal and casual dressing. Key Features: Durable leather construction with modern striped accents Thoughtfully laid-out compartments for cash and multiple cards Two-fold design keeps profile slim in pockets A youthful option for fashion-forward professionals Striped design may not appeal to minimalist users Buy men's wallets from trusted brands during the Myntra Big Brands Bash (18 to 22 June 2025). These wallets are designed to hold essentials safely and are easy to carry. Choose from many colours and finishes. This sale is a chance to get a long-lasting wallet at a better value. Disclaimer: At IDPL, we help you stay up-to-date with the latest trends and products. It should not be construed as an endorsement to buy. IDPL may make a very small commission from its sale if one chooses to buy the product from any of the links in this article.
