Aditya Birla Fashion acquires 51% stake in Finesse International Design

Aditya Birla Fashion acquires 51% stake in Finesse International Design

A file photo of a More supermarket. Aditya Birla Retail had debt of Rs5,936 crore as on 31 March 2016. Photo: Pradeep Gaur/Mint

Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Peter England and Van Heusen, on Monday said it has acquired a 51% stake in Finesse International Design that retails bespoke ceremonial wear and contemporary apparel for men and women under the Shantanu and Nikhil brand for 60 crore.