New Delhi: The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate listed company. The proposed demerger will enable the creation of two separately listed companies as independent growth engines with distinct capital structures and parallel value creation opportunities, ABFRL said. The Madura Fashion & Lifestyle (MFL) business segment consisting of four lifestyle brands, namely Louis Phillippe, Van Heusen, Allen Solly, and Peter England, along with casual wear brands American Eagle and Forever 21, sportwear brand Reebok
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