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After two years of deliberation, V-Mart Retail Ltd. announced the acquisition of assets from Arvind Lifestyle Brands Ltd.
Under this arrangement, V-Mart will acquire brand Unlimited with 74 running stores, warehouses and less than one year old inventory, with estimated outlay of Rs 1.5 billion and some riders.
The acquisition will enable V-Mart to mark its entry in South and West India, while fitting in with its cluster-based strategy.
The management said it will re-emphasise the company’s brand across the nation, merging Unlimited stores.
It expects integration to be completed by December 2021 and joint operations to begin in CY22.
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