V-Mart Retail gets 'Unlimited' at a good deal; turnaround remains a moniterable
V-Mart has 282 stores, which takes the combined footprint to 356 stores. V-Mart highlights that it currently invests Rs2 crore (Rs1 crore in capex and Rs1 crore in inventory) for any new store
V-Mart Retail Ltd, a value fashion retailer, has entered the south India market with the acquisition of 74 stores of ‘Unlimited’ from Arvind Lifestyle Brands Ltd, a wholly owned subsidiary of Arvind Fashions Ltd. As a part of the deal, V-Mart will acquire assets at their book value, with an estimated outlay of about Rs150 crore. Unlimited operates these stores across south and western India. It retails fashion apparel and accessories at affordable prices.
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