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Aditya Birla Signs Deal With Authentic Brands Group to Distribute Reebok in India

German sportswear maker Adidas has entered into an agreement to sell Reebok to Authentic Brands Group for a total consideration of up to €2.1 billion. Getty Images.
German sportswear maker Adidas will be sold in the Indian market by local fashion giant Aditya Birla Fashion and Retail Limited. (Getty Images)

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.

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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.

Learn more:

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.

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