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Tag: Aditya Birla Nuvo

132nd Outlet of Linen Club in Nagpur
Apparel and Textile News Retail News

132nd Outlet of Linen Club in Nagpur

Aditya Birla Nuvo’s ‘Linen Club’, the premium linen fabrics and garments brand, has launched its new exclusive showroom at Bajaj Nagar in Nagpur recently. This is Linen Club’s 132nd exclusive brand outlet in the country and 28th in Maharashtra. The sprawling showroom span around 1,000 sq. ft. The outlets offer finest European linen fabrics and […]

Aditya Birla Group Rejig May Lead To Grasim-Nuvo Merger
Apparel and Textile News Apparel Brands and Companies

Aditya Birla Group Rejig May Lead To Grasim-Nuvo Merger

Aditya Birla Group is mulling a merger of Grasim and Aditya Birla Nuvo, followed by the hiving-off of the financial services business of AB Nuvo into a separate company. As part of another round of corporate reorganisation, the company is contemplating a two-step restructuring which involves the merger of Grasim Industries and parts of Aditya […]

Aditya Birla Nuvo
Apparel and Textile News Apparel Brands and Companies

Aditya Birla Nuvo Q4 Net Profit Rises 88.28%

Aditya Birla Nuvo reported a fourth quarter profit of Rs 331.63 crore, up 88 per cent from Rs 176.13 crore during the corresponding quarter, because of strong performance at its financial services, telecom and apparels businesses. The company is part of the Aditya Birla Group. Its businesses include financial service, insurance, brokerage, fashion, lifestyle, telecom […]

Apparel and Textile News

EBITDA of Aditya Birla Nuvo soars 52%

Revenue and EBITDA surged 17 and 52 per cent, respectively from a year ago quarter at the fashion and lifestyle business of Kumar Mangalam Birla led, Aditya Nuvo, in the second fiscal quarter ended September, 30, 2014. Led by revenue growth and margin expansion across all the three formats – Madura, Pantaloons and Jaya Shree […]

Birla Shortlists PEs for Rs 2.4k cr Retail Co Stake
Apparel and Textile News

Birla Shortlists PEs for Rs 2.4k cr Retail Co Stake

Aditya Birla Group has short-listed French tycoon Bernard Arnault’s investment company L Capital, General Atlantic Partners, Singapore sovereign fund GIC and Standard Chartered Private Equity to raise $400 million (Rs 2,400 crore) for its consolidated retailing business unit, people familiar with the matter said. Birla will raise $200 million each from two investors in the […]

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