With a strong understanding of the consumer industry, Vikram has also stewarded product development teams at Myntra, ABOF
Proceeds from the sale of the nine per cent ABOF II stake will be applied towards reducing the cost of the original Abraaj Capital investment, said a statement.
In May 2007, Abraaj Capital, together with co-investors, acquired 100 per cent of GMMOS Group, through its $500 million ABOF II.
Online fashion is a billion- dollar opportunity for us," abof. com president and chief executive officer Prashant Gupta told the media here on Tuesday.
We will only sell brands that are meaningful for our customers." The Aditya Birla Group had launched abof. com on October 16.
In May 2007, Abraaj Capital, together with co-investors, had acquired 100 per cent of GMMOS Group, through its $500 million ABOF
The investment in Osian's, made through the Abraaj Buyout Fund II (Abof
II), highlights the company's continuing support for cultural and educational initiatives through key investment and further build on the diverse portfolio of the company.
Conglomerate describes abof as an one- stop fashion portal
THE Aditya Birla Group forayed into the fast- growing e- commerce space on Friday with the launch of its fashion portal abof. com, in which the conglomerate sees the potential of building a billion- dollar business.
The investment in Osian's, made through the Abraaj Buyout Fund II (ABOF
II), highlights Abraaj's continuing support for and investment in cultural and educational initiatives, and further builds on the diverse portfolio of the company.