Aditya Birla Fashion & Retail to Take Charge of Reebok's Operations in India
CEO Insights Team, 0
ABFRL is known for its lifestyle and formal wear brands such as Allen Solly, Louis Philippe, Peter England, Pantaloons, and VanHeusen. It has been on an acquisition spree and has acquired several brands across fashion segments. The company has particularly
shown a keen interest in making ethnic wear portfolio and took over key designer labels. ABFRL will partner with Reebok Design Group(RDG), the newly established global brand hub based in Boston.
"The transaction marks a significant milestone in the journey of ABFRL, which has evolved its portfolio into a powerhouse of brands across all major fashion and lifestyle segments over the last several years. The addition of Reebok, a marquee global sports and active wear brand will fill an important white space in ABFRL's portfolio," the company said.
Ashish Dikshit, Managing Director, ABFRL said, "As Indians get more active, athletic and health focussed, their consumption of apparel and accessories is expected to increasingly change in line with these trends, providing an opportunity to build iconic brands of global repute. Reebok is one of the leading brands in the sporting goods industry globally and has built a very strong presence in the Indian market over the last two decades. In partnership with ABG, we plan to accelerate Reebok's business in India, combining its global appeal and salience amongst Indian youth. This transaction further strengthens the ABFRL port folio and increases our ability to engage with consumers across various need spaces".
"The transaction marks a significant milestone in the journey of ABFRL, which has evolved its portfolio into a powerhouse of brands across all major fashion and lifestyle segments over the last several years. The addition of Reebok, a marquee global sports and active wear brand will fill an important white space in ABFRL's portfolio," the company said.
Ashish Dikshit, Managing Director, ABFRL said, "As Indians get more active, athletic and health focussed, their consumption of apparel and accessories is expected to increasingly change in line with these trends, providing an opportunity to build iconic brands of global repute. Reebok is one of the leading brands in the sporting goods industry globally and has built a very strong presence in the Indian market over the last two decades. In partnership with ABG, we plan to accelerate Reebok's business in India, combining its global appeal and salience amongst Indian youth. This transaction further strengthens the ABFRL port folio and increases our ability to engage with consumers across various need spaces".