Aditya Birla Fashion’s $9 Million Acquisition of 51% stake in Finesse International


Khaitan & Co advised Aditya Birla Fashion and Retail Limited in connection with the deal

Aditya Birla Fashion and Retail Ltd – which owns Louis Philippe, Peter England and Van Heusen brands – 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 aprox. $9 Million.

The acquisition of Finesse International Design is a combination of primary equity infusion and secondary share purchase, ABFRL said in a filing to BSE.

Finesse was set up in 2007 and runs five stores selling bespoke ethnic wear and contemporary Indian designs by Nikhil Mehra and Shantanu.

Khaitan & Co advised Aditya Birla Fashion and Retail Limited with a team including Vineet Shingal (Picture), Labanyendu Das, Pratik Jain, Julie Roy and Vaibhavi Tadwalkar.

Involved fees earner: Vineet Shingal – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Aditya Birla Fashion and Retail Ltd;

Author: Michael Patrini