Aditya Birla Fashion may pay Rs 100 crore for majority stake in Bewakoof
Aditya Birla Fashion may pay Rs 100 crore for majority stake in Bewakoof Aditya Birla Fashion & Retail (ABFRL) is in the final stages of acquiring a controlling stake in apparel and accessories brand Bewakoof for about Rs 100 crore. By doing this ABFRL is marking its entry in the direct-to-consumer (D2C) segment. Mumbai-based Bewakoof has been out to raise fresh capital from financial investors.“Both companies have signed a non-disclosure agreement and they have also finished due diligence. The team at Bewakoof is also moving to join Aditya Birla’s new firm,” said a senior executive, who did not wish to be identified. Among the oldest D2C brands in the country, […]