Aditya Birla Fashion to acquire 51% in Indian luxury designer label Sabyasachi for $54.5 m

Aditya Birla Fashion to acquire 51% in Indian luxury designer label Sabyasachi for $54.5 m

Photo: Hemant Mishra/Mint

Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday signed a definitive agreement to acquire 51% stake in Indian luxury designer label Sabyasachi, a brand owned by Sabyasachi Mukherjee, the Mumbai-based retailer said.