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Investment

Arvind Fashions exits Sephora India business

Arvind Fashions Limited (AFL), India’s leading casual and denim player, has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind Beauty Brand Retail Limited (ABBRL) which runs its Sephora India business, in an all cash transaction. RBPCL is a wholly owned subsidiary of Reliance Retail Ventures […]

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Executive Movements

Arvind Fashions appoints Govind Shridhar Shrikhande as Independent Director

Arvind Fashions Limited (AFL), India’s leading casual and denim manufacturer, announced the appointment of Govind Shridhar Shrikhande as Independent Director on the company’s Board, with effect from October 9, 2023. According to the company’s exchange filing, “we would also like to inform that based on the recommendation of the Nomination and Remuneration Committee, the Board […]

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Executive Movements

Arvind Fashions appoints Manoj Nakra as Independent Director

Arvind Fashions Limited announced the appointment of Manoj Nakra as Independent Director on the company’s Board, with effect from July 1, 2022. According to the company’s exchange filing, “this is to inform to you that the Board of Directors of the Company, on the basis of recommendation made by Nomination and Remuneration Committee, has appointed […]

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Investment

Flipkart invests ₹260 cr in Arvind Fashions to target youth

The Flipkart Group and Arvind Fashions (AFL) announced that they have strengthened their partnership, through an investment of ₹260 crore by the Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands which owns the Flying Machine brand.  “This investment builds on the long-standing engagement between the two organizations […]