M&A Deal Summary

Aditya Birla Fashion and Retail Acquires TCNS Clothing

On September 1, 2024, Aditya Birla Fashion and Retail acquired apparel/textiles company TCNS Clothing

Acquisition Highlights
  • This is Aditya Birla Fashion and Retail’s 1st transaction in the Apparel/Textiles sector.
  • This is Aditya Birla Fashion and Retail’s 1st transaction in India.

M&A Deal Summary

Date 2024-09-01
Target TCNS Clothing
Sector Apparel/Textiles
Buyer(s) Aditya Birla Fashion and Retail
Deal Type Merger

Target

TCNS Clothing

New Delhi, India
TCNS Clothing designs, manufactures and sells contemporary ethnic wear, targeting women between the ages of 20 and 45. Through its four brands – W, Aurelia, Elleven and Wishful – TCNS operates across the value chain catering to women throughout India. TCNS Clothing was founded in 1972 and is based in New Delhi, Haryana.

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Buyer(S) 1

Buyer

Aditya Birla Fashion and Retail

Mumbai, India

Category Company
Founded 2015
Sector Retail
DESCRIPTION

Aditya Birla Fashion and Retail manages a portfolio of apparel and lifestyle brands operating across categories such as formal wear, casual wear, ethnic wear, innerwear, and value fashion. The Company sells its products through exclusive brand outlets, multi-brand stores, department stores, and online channels across India. Aditya Birla Fashion and Retail was formed in 2015 through the consolidation of Madura Fashion & Lifestyle and Pantaloons, and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2024 M&A 1 of 1