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N Brown Adds Ted Baker, FatFace To SS24 Third-party Brand Offering
British group N Brown, which owns retailers Simply Be, JD Williams, and Jacamo, has expanded its range of third-party brands for the Spring-Summer 2024 season.
The online fashion and homeware group is introducing British lifestyle brand FatFace to its Jacamo and JD Williams platforms from September to bolster their offerings.
From the Autumn, Jacamo will also be adding a selection of smart casual pieces by upmarket label Ted Baker in sizes M-6XL, as well as products from fitness clothing label Gym King.
Finally, Simply Be has added lifestyle sports brand Tala to its offering. The first drop will include pieces from Tala's Dayflex and Skinluxe ranges and will be available in sizes S-4XL.
"We're excited to introduce these fantastic new third-party brands across JD Williams, Simply Be, and Jacamo this Autumn," group buying director at N Brown, Sara Bradley, said in a statement.
"In line with our customer engagement strategy, we remain focused on continuously improving our third-party offer.
"We are already exploring plenty of brilliant opportunities for future seasons, and are excited to work with the new brands later this year and beyond as we continue to make our customers look and feel amazing, champion inclusivity and serve the underserved."
Aditya Birla Fashion Acquires 51% Stake In TCNS Clothing, Becomes Promoter
Read by: 100 Industry Professionals
Representative imageAditya Birla Fashion Retail Ltd (ABFRL) has completed the acquisition of a 51 per cent stake in TCNS Clothing to become a promoter of the women's apparel brand. "The company has acquired 51 per cent of the expanded share capital of TCNS, thereby acquiring control over TCNS," ABFRL said in a late night regulatory filing on Tuesday.TCNS has become a subsidiary of the company, and will also be a material subsidiary of the company in accordance with SEBI Listing Regulations, it added.
On May 5, Aditya Birla Group firm had announced that it will acquire a majority stake in TCNS Clothing, in a deal worth Rs 1,650 crore.
As per the deal, it acquired TCNS Clothing's founding promoter's stake through an SPA (Share Purchase Agreement), followed by an open offer.As per SPA, ABFRL acquired a total of 1.41 crore equity shares constituting 22 per cent of the expanded share capital of the company.
"Consequently, post conditional open offer and SPA closing, the company acquired 3.29 crore equity shares, in total, constituting 51 per cent of the expanded share capital of TCNS," it said.
TCNS reported a turnover of Rs 1,201.59 crore for the financial year ended on March 31, 2023.
"The acquisition is in line with the company's objective of building a comprehensive fashion portfolio across consumer segments and price points," according to ABFRL.
ABFRL registered a revenue of Rs 12,418 crore in the financial year 2022-23. It is India's first billion-dollar pure-play fashion powerhouse, the company said.The company has a network of 4,008 stores across 33,874 multi-brand outlets with 6,837 points of sales in department stores across India as of June 30, 2023.
It has a repertoire of India's largest brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England. It also owns the leading fashion retail chain Pantaloons.
It is also a retailer of international brands and has long-term exclusive partnerships with Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.
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Aditya Birla Fashion Retail Acquires 51% Stake In TCNS Clothing For Rs 1,650 Crore
Aditya Birla Fashion Retail has completed the acquisition of a 51% stake in TCNS Clothing to become a promoter of the women's apparel brand.
"The company has acquired 51% of the expanded share capital of TCNS, thereby acquiring control over TCNS," ABFRL said in a late-night regulatory filing on Tuesday.
On May 5, Aditya Birla Group firm had announced that it would acquire a majority stake in TCNS Clothing, in a deal worth Rs 1,650 crore.
TCNS houses brands like W, Aurelia, Wishful and Elleven.
TCNS has become a subsidiary of the company, and will also be a material subsidiary of the company under SEBI Listing Regulations, it added.
As per the deal, it acquired TCNS Clothing's founding promoter's stake through a SPA (Share Purchase Agreement), followed by an open offer.
As per SPA, ABFRL acquired a total of 1.41 crore equity shares constituting 22% of the expanded share capital of the company.
"Consequently, post conditional open offer and SPA closing, the company acquired 3.29 crore equity shares, in total, constituting 51 per cent of the expanded share capital of TCNS," it said.
TCNS reported a turnover of Rs 1,201.59 crore for the financial year ended on March 31, 2023.
"The acquisition is in line with the company's objective of building a comprehensive fashion portfolio across consumer segments and price points," according to ABFRL.
ABFRL registered a revenue of Rs 12,418 crore in the financial year 2022-23. It is India's first billion-dollar pure-play fashion powerhouse, the company said.
The company has a network of 4,008 stores across 33,874 multi-brand outlets with 6,837 points of sales in department stores across India as of June 30, 2023.
It has a repertoire of India's largest brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England. It also owns the leading fashion retail chain Pantaloons.
It is also a retailer of international brands and has long-term exclusive partnerships with Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.
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