Aditya Birla Fashion and Retail Ltd recently acquired the rights of which of the following fashion retail brands?
A. Nalli
B. Mufti
C. Fashion Street
D. Forever 21
Answer:D
Aditya Birla Fashion and Retail Ltd recently acquired the rights of which of the following fashion retail brands?
A. Nalli B. Mufti C. Fashion Street D. Forever 21
Explanation: Aditya Birla Fashion and Retail Limited (ABFRL) on 25th May said it is acquiring the online and offline rights of American fast-fashion brand Forever 21 in the Indian market, third time the US fashion brand is changing its India partner. "The Board of Directors of Aditya Birla Fashion and Retail Limited ['ABFRL'] today in-principally approved a proposal to enter into a Binding Memorandum of Understanding [MoU] with Forever 21 to acquire its exclusive online and offline rights to the global brand - Forever 21, for the Indian market and its existing store network in India from the current franchisee," a statement from Aditya Birla Fashion said.