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Strike At Aditya Birla Nuvo Textile Division In WB

Workers at Aditya Birla Nuvo group firm Jaya Shree Textiles in Hooghly district of West Bengal have gone on strike from May 16, company in BSE filing said. It, however, termed the strike illegal and did not disclose the reason behind such development. Jaya Shree Textiles is engaged in manufacturing of linen yarn, linen fabrics, […]

appareltalk
May 18, 2017
3 Comments
426 Views

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 […]

appareltalk
March 6, 2017
3 Comments
468 Views

Apparel and Textile News Apparel Brands and Companies

Aditya Birla Group Merged Nuvo into Grasim Industries

Aditya Birla Group led by Kumara Mangalam Birla is merging Aditya Birla Nuvo Ltd into Grasim Industries Ltd, in a bid to unlock shareholder value. It will create an entity with Rs 60,000 crore in annual revenue. The merger was approved by both, Aditya Birla Nuvo and Grasim Industries, at their respective board meetings. Aditya […]

appareltalk
January 31, 2017
28 Comments
570 Views

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 […]

appareltalk
August 10, 2016
3 Comments
385 Views

Apparel and Textile News Apparel Brands and Companies

Linen To Drive Jaya Shree Textiles’ Growth

Linen fabrics will be the catalyst for Jaya Shree Textiles to drive growth. A unit of Aditya Birla Nuvo, Jaya Shree Textiles has drawn up ambitious plans to open more linen stores across the country. “We want to focus on linen garments. Linen garments would be key growth driver for Jaya Shree Textiles,” the company’s […]

appareltalk
February 17, 2016
18 Comments
446 Views

Apparel and Textile News Apparel Brands and Companies Retail News

Pantaloons To Add 35 New Stores

Premium clothing retail chain Pantaloons plans to invest Rs 125 crore this fiscal and add up to 35 more stores as it seeks to extend its footprints in the country. In an investor update, Pantaloons Fashion & Retail’s parent company Aditya Birla Nuvo said, “Financial year 2015-16 capex guidance (for Pantaloons) stands at about Rs […]

appareltalk
August 20, 2015
0 Comments
533 Views

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 […]

appareltalk
May 14, 2015
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295 Views

Apparel and Textile News Apparel Brands and Companies

Jaya Shree Textiles Eyes Rs. 1,000 Crore Revenue

Leading linen fabric-maker Jaya Shree Textiles, a unit of Aditya Birla Nuvo, is aiming at Rs. 1,000 crore revenue from its linen, yarn and fabric business in next two years. It also plans to expand the number of exclusive stores to 200 in next three years. The company opened a new exclusive brand outlet in […]

appareltalk
March 17, 2015
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379 Views

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 […]

appareltalk
November 18, 2014
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459 Views

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 […]

appareladmin
September 5, 2014
0 Comments
603 Views

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Tag: Aditya Birla Nuvo

Strike At Aditya Birla Nuvo Textile Division In WB

132nd Outlet of Linen Club in Nagpur

Aditya Birla Group Merged Nuvo into Grasim Industries

Aditya Birla Group Rejig May Lead To Grasim-Nuvo Merger

Linen To Drive Jaya Shree Textiles’ Growth

Pantaloons To Add 35 New Stores

Aditya Birla Nuvo Q4 Net Profit Rises 88.28%

Jaya Shree Textiles Eyes Rs. 1,000 Crore Revenue

EBITDA of Aditya Birla Nuvo soars 52%

Birla Shortlists PEs for Rs 2.4k cr Retail Co Stake