Page 3 - Aditya Birla Fashion And Retail
Flipkart eyes retail brands, acquires 7.8% stake in Aditya Birla Fashion
The Walmart-owned firm is in a race with rivals Amazon and Reliance's JioMart, who are also following a similar strategy
 "Flipkart eyes retail brands, acquires 7.8% stake in Aditya Birla Fashion")
Aditya Birla Fashion to raise Rs 1,500 crore from Flipkart; stk jumps 17%
On completion of this transaction, ABFRL would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020
 "Aditya Birla Fashion to raise Rs 1,500 crore from Flipkart; stk jumps 17%")
Aditya Birla Fashions' rights entitlement shares tumble 39%
The dealings in the REs for Renunciation of Aditya Birla Fashion and Retail Ltd were permitted on BSE with effect from the July 8, 2020 and will close on July 17, 2020
 "Aditya Birla Fashions' rights entitlement shares tumble 39%")
ABFRL: Multiple headwinds likely in near term, investors advised caution
Rs 1,000-cr rights issue, lower costs to help pare Rs 2,500-cr debt
 "ABFRL: Multiple headwinds likely in near term, investors advised caution")
Covid-19 outbreak: Pain may not be limited to lockdown, say retailers
Change in consumer behaviour and higher fixed costs are major concerns, leading analysts to cut FY21 earnings estimate by 15-40 per cent
 "Covid-19 outbreak: Pain may not be limited to lockdown, say retailers")
AB Fashion changes style as Zara, H&M strengthen grip in Indian market
With speedier turnaround of its collections and a strong digital discovery and delivery system in place, the retail brand is fighting to stay ahead of the race
 "AB Fashion changes style as Zara, H&M strengthen grip in Indian market")
Robust growth to continue for Aditya Birla Fashion Retail and Trent
Steady same-store sales growth and improving margins to help sustain premium valuations
 "Robust growth to continue for Aditya Birla Fashion Retail and Trent")
Shoppers Stop launches two more store formats after premium rejig
The luxury stores, for instance, will sit at the top and will be located in affluent areas of a city
 "Shoppers Stop launches two more store formats after premium rejig")
Fashion firms feel slowdown pangs for second straight quarter; sales down
Same-store sales growth down to 2-7% in Q1, lower than 3-9% reported in Q4
 "Fashion firms feel slowdown pangs for second straight quarter; sales down")
Birlas invest Rs 1,450 cr more in unlisted private entity Essel Mining
Funds have been used to invest in Vodafone Idea rights issue
 "Birlas invest Rs 1,450 cr more in unlisted private entity Essel Mining")
Aditya Birla Fashion zooms 20% post Q1 results
The stock up 20% to Rs 169 on the BSE in intra-day trade after the company reported net profit of Rs 60 million in June quarter against net loss of Rs 200 million in year ago quarter.
 "Aditya Birla Fashion zooms 20% post Q1 results")
