Aditya Birla Fashion to enter in agreement with Forever 21 in India for $26 mn...
06 Jul 2016 Published by Rahul Verma 533 Views

Aditya Birla Fashion and Retail (ABFRL) will take care of clothing brand 'Forever 21' in the Indian market for USD 26 million (around Rs 175.52 crore) transactions under MoU.“The company has executed a business transfer agreement with Diana Retail and DLF Brands for acquisition of the business undertaking of Diana Retail... under the Forever 21 brand and also through e-commerce channel on a going concern basis, in the Indian market," reported ET. Diana Retail is the franchisee of Forever 21 br..

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