A venture part-owned by Finnish forestry group Stora Enso, H&M and IKEA said on Tuesday it was set to build a demonstration plant in Sweden for a new, more sustainable wood-based textile fibre after years of research.
India’s Aditya Birla Fashion and Retail Ltd said on Wednesday it would buy a 51% stake in the Sabyasachi brand, best known for high-end wedding wear favoured by Bollywood celebrities and rich business families.
Walmart Inc’s Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), the fashion retail company said, sending its shares up 6 percent on Friday.
Menswear brand Louis Philippe, owned by fashion retailer Aditya Birla Fashion and Retail Limited (ABFRL), has entered a new international market with an exclusive brand outlet in neighbouring country Nepal.
Indian government’s dream of making Khadi an international brand is on the right track as people from Middle East, Mauritius, Africa, USA have expressed interest to set up exclusive Khadi outlets in their countries.