With the launch of those stores, V-Mart has joined an elite membership of fashion retailers with a retail space exceeding 2 million sq.ft. While, it took V-Mart round 12 years to open its first 100 shops, and fewer than four for the subsequent one hundred, the last 50 shops have come up in lower than 9 months. The Bengaluru-based retailer also shuttered a substantial number of its Unlimited shops and virtually exited markets in north India. Kingswood previously acquired Alameda-based Cost Plus World Market in January 2021 from Bed Bath and Beyond. The company also said it “recapitalized” Lind Marine, a marine providers enterprise headquartered north of the San Francisco Bay, this 12 months. ABG also owns manufacturers similar to Juicy Couture, and licenses them to be offered in other retail shops.
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