The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Aditya Birla Fashion and Retail Limited (ABFRL) will have exclusive rights to sell Reebok products through wholesale, e-commerce and Reebok branded retail stores in India and other ASEAN countries, after signing a long-term licensing deal with Authentic Brands Group (ABG).
The deal marks ABFRL’s first foray into India’s booming sports and activewear segment.
“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,” ABFRL managing director, Ashish Dikshit, said in a press release announcing the deal.
ABFRL is one of India’s largest fashion retailers and, as of Sept. 30, had a network of 3,264 stores around the country.
The company’s brands include Louis Philippe, Van Heusen, Allen Solly and Peter England, as well as domestic fast fashion giant Pantaloons. It also distributes global brands such as Forever 21, American Eagle and Ralph Lauren in India.
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Indian Fashion Giants Continue to Bet on Traditional Apparel
Following investments in traditional Indian attire by rivals, including Tata Group and Aditya Birla Fashion and Retail (ABFRL), Reliance Retail plans on launching a chain of stores in the space under the name Avantra.
This week’s round-up of global markets fashion business news also features PDD’s ascent in China, Kenya’s controversial suit ban and subterfuge in India’s jewellery trade.
According to The State of Fashion 2024, a potentially volatile global economy and geopolitical tensions in the coming months could further dent consumer confidence in key markets, requiring fashion brands, retailers and suppliers to bolster contingency planning and double down on operating efficiencies, among other measures.
Despite decades of volatility in Latin America’s third-largest economy, some local fashion entrepreneurs have found success thanks to a combination of grit, determination and hyper-adaptability.
This week’s round-up of global markets fashion business news also features Hong Kong jewellery giant Chow Tai Fook, Ghana’s travel retail move and Brazilian apparel retailer Lojas Renner.