D-Mart news and archive

PE investor TPG looking to sell stake in Vishal Mega Mart

American PE investor TPG is looking to sell its stake in India’s sixth-largest wholesale and retail chain, Vishal Mega Mart, in a deal that could value the company at over Rs 1,500 crore. TPG has appointed Kotak Mahindra Capital as a financial adviser to help in the sale of the asset it acquired seven years ago. TPG owns the wholesale unit of...

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Business

D-Mart on a steady growth path

D-Mart – owned and operated by Avenue Supermarkets is witnessing a steady growth while most of the offline retailers are complaining of negative impact of sluggish economy, online discounts and low consumer sentiment. The company reported a profit of Rs 211 crores in 2014/15, higher than Reliance Retail’s Rs159 crores and Future Retail’s Rs153...

Fashion

Duke Fashions looking beyond Indian shores

Duke, the well known T-shirt brand, which reinvented itself and moved into complete ready-to-wear garments a few years back, is now looking at including more designer element in their products and launching high end handbags. The brand will also introduce a range of new T shirts this summer. “A few years ago we started a winter wear range with...