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FabIndia
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Indian fashion brand Fabindia launched a global sustainability initiative called “One Earth, One Future”
Fabindia, the popular Indian fashion brand, has launched a new global sustainability initiative called “One Earth, One Future”.…
The initial public offering (IPO) of FabIndia, the leading lifestyle brand and retailer, has been called off due to the unstable market conditions.
FabIndia, a leading Indian retailer and lifestyle brand, has cancelled its planned INR 4000 crore ($536 million) initial public offering (IPO) due to ongoing market volatility. The company stated that the decision to withdraw was due to "current market conditions [that] were not seen to be conducive for listing a company of our size." The Indian benchmark NSE Nifty 50 stock index has fallen over 4.32% so far this year, contributing to the decision to cancel the IPO.
