V-Mart Retail has acquired 74 stores and assets of ‘Unlimited’ from Arvind Fashions’ wholly owned subsidiary -- Arvind Lifestyle Brands and paid Rs 130 crore as part consideration to Arvind Lifestyle Brands. The balance consideration will be paid as per the terms of the agreement.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.
