For decades, Fabindia's identity has been closely tied to kurtas, handwoven fabrics, Indian craft. With Fabels, it is asking whether that identity can travel into a very different part of the wardrobe
The proposed combination involves acquisition of 51% of the expanded share capital of TCNS Clothing Co Limited by the Aditya Birla Fashion and Retail Limited
Accelerated store addition plans, coupled with diversification into newer categories (footwear and Aurelia Girls), are expected to fuel growth going forward