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Arvind Fashions Sells Unlimited Retail Business To V-Mart

Arvind Fashions Sells Unlimited Retail Business To V-Mart Jul 22 2021, 6:12 PM July 22 2021, 5:30 PM July 22 2021, 6:12 PM V-Mart Retail Ltd. has agreed to acquire assets of Arvind Lifestyle Brands Ltd.’s ‘Unlimited’ business for about Rs 150 crore, expanding its presence to southern and western region in a hope to become a pan-India retailer.As part of the deal, the wholly-owned subsidiary of Arvind Fashions Ltd. will sell fixed assets of all 74 stores and warehouses, leases, identified inventory, contracts, assigned trademarks and goodwill, and other c. V-Mart Retail Ltd. has agreed to acquire assets of Arvind Lifestyle Brands Ltd.’s ‘Unlimited’ business for about Rs 150 crore, expanding its presence to southern and western region in a hope to become a pan-India retailer.

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