Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore

Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore

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Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore

Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51 per cent stake in designer brand Sabyasachi for Rs 398 crore. The deal is expected to be closed in late-February or mid-March, the company said in a regulatory filing.

“Through this investment, ABFRL will strengthen its position in the largest and amongst the fastest growing apparel segments, in line with its stated long-term strategy of building a formidable play in ethnic wear segment. Through Sabyasachi brand, ABFRL will be able to tap luxury and bridge to luxury segments across all categories such as apparel, jewellery and accessories,” ABFRL said in the filing.

ALSO READ: Flipkart gets CCI nod to acquire 7.8% stake in Aditya Birla Fashion and Retail

Meanwhile, the ABFRL platform will complement brand Sabyasachi on its journey

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Fashion school moving to new, comfortable digs

Jamileh Kamran and Arkansas Fashion School — the education center founded by the couture designer in 2007 for budding clothing creators — are on the move.

A Dec. 18 visit to the elegant main space of Kamran’s longtime design studio/shop-turned-school on Kavanaugh Boulevard found no boxes piled up yet. Visitors could still seat themselves comfortably, help themselves to holiday candy-bowl offerings, enjoy the tasteful framed wall art, gaze admiringly at the beautiful burgundy-with-gold-trim outfit on the dressmaker’s mannequin, see the framed High Profile write-up of Kamran’s daughter’s featured wedding.

But they could also peruse built-in shelves full of oo-la-la retail fashion accessories, handbags and necklaces and earrings and such, that had been marked down to enticing clearance prices. They could look to the back of the showroom and see shelves of rolled fabric still on display, but behind plastic-wrapped rolls of additional fabric, ready for transportation.

Accessing the school’s Kavanaugh

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Undine Spragg’s Life in Objects

This article is part of T’s Book Club, a series of essays and events dedicated to classic works of American literature. Click here to R.S.V.P. to a virtual conversation, led by Claire Messud, about “The Custom of the Country,” to be held on Jan. 28.

The Custom of the Country” (1913), by Edith Wharton, is about many things: the terrifying ambition of its protagonist, Undine Spragg; marriage; divorce; New York and Paris society — but also the arrival of new American money into those fashionable circles, the ranks of which have always been carefully guarded. Undine, who is originally from the fictional Apex City, Iowa, and who marries into the old-world Marvell family, is the perfect embodiment of such aspirational consumerism. And Wharton, who was born into a prominent New York family and was the beneficiary of not one but three legacy inheritances over the course

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‘We need to keep our cool’

Salma Hayek (Screenshot: Salma Hayek via Instagram)
Salma Hayek meditates at the beach in new photos shared to social media. (Screenshot: Salma Hayek via Instagram)

Salma Hayek continues to live her best life in 2021.

The 54-year-old actress shared yet another bikini photo on Tuesday. Posing both in and out of the water beachside, apparently finding zen in both places, she wrote, “We need to keep our cool.”

The Mexican actress and producer wore a black string bikini for the meditation Instagram shoot — and her followers couldn’t get enough. One commenter wrote, “I want to be you when I grow up — or now.” Another put, “You’re rocking 2021 so far girl.” And yet another posted, “Damn woman! 🔥🔥🔥 and you’re in your mid 50s. Wow!”

Hayek has been rocking 2021, ringing in the new year on a beach vacation, while sharing several swimsuit pix along the way. Over the weekend, she also celebrated 17

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