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Aditya Birla Fashion buys 33.5% stake in designer Tarun Tahiliani's brand
short by Rishabh Bhatnagar / on Wednesday, 24 February, 2021
Aditya Birla Fashion & Retail (ABFRL) has acquired 33.5% stake in Goodview Properties, the company founded by fashion designer Tarun Tahiliani, for ₹67 crore. The two will also form a new entity, with 80% of it owned by ABFRL, that will soon launch a new brand. Last month, ABFRL had announced the acquisition of 51% stake in designer brand Sabyasachi.