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India: Merger creates India’s largest branded clothing company

By  |  May 4, 2015

The Aditya Birla Group will consolidate its garments business into a single entity by carving out premium apparel maker Madura Garments Lifestyle Retail from Aditya Birla Nuvo and merging it with Pantaloons Fashion and Retail India to create India’s largest branded clothing company.

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    “This move to bring all the branded apparels businesses under one roof will accelerate the growth of these businesses and help exploit emerging opportunities presented by the rapidly growing Indian apparel market,” said Pranab Barua, business director, apparel and retail business, Aditya Birla Group.

    The new retail behemoth will have a network of 1,869 stores across India. And it plans to add 250-300 branded stores—and 30-35 departmental stores—every year for the next three years.

     

    Full content: Quartz

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