Arvind Fashions sells ‘Unlimited’ business to V-Mart; management explains deal rationale



a store filled with lots of stuffed animals


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Arvind Fashion has announced divestment of the assets of its ‘Unlimited’ business to V-Mart Retail in an all-cash transaction for about Rs 150 crore. The company said it had decided to exit this business and will now focus on growing the high-conviction focus brands.

On this transaction, Shailesh Chaturvedi, CEO of Arvind Fashions said, “It is largely offline shop transaction where 74 of our stores of ‘Unlimited’ business have been transferred to V-Mart an all-cash deal. These are largely stores in south and west of India where V-Mart is not present currently and we realise a

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Business Management Vs Finance

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Revlon and Elizabeth Arden kickstart global brand extension strategy via MDR Brand Management partnership

The long-term, exclusive global partnership with MDR Brand Management will focus on growing Revlon Consumer Products Corporation’s flagship mega brands Revlon and Elizabeth Arden. This growth would be achieved via various brand extensions – new product launches, wider retail reach, and fresh consumer engagement projects, among others – some of which would be designed to take Revlon and Elizabeth Arden beyond their core reaches.

“This is not expansion for expansion sake; it’s expansion to create significant long-term revenue,”​ said Daniel Avener, CEO of MDR Brand Management.

“…Brand owners look to brand extension for different reasons. Typically, top of the

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Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Fisher Asset Management LLC


Fisher Asset Management LLC decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173,405 shares of the specialty retailer’s stock after selling 46,571 shares during the quarter. Fisher Asset Management LLC owned 1.93% of Sally Beauty worth $28,341,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Sally Beauty in the third quarter valued at approximately

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