Fashion and apparel retailer V2 Retail unveiled its latest store in Bhubaneswar, as shared by a company official on social media. The newly established outlet can be found at Budhanagar, Kalpana Square, Bhubaneswar, Odisha.
“Celebrate the arrival of a new store in Bhubaneswar, Odisha! Experience the magic of shopping. Unleash your inner fashionista,” said Vinay Dubey senior executive- retail business development at V2 Retail in a LinkedIn post while sharing the image of the new store.
The retailer is actively expanding its presence and has recently launched new stores in Bihar, Jharkhand, Odisha (two stores), and Varanasi.
Read More: Fashion retailer V2 Retail expands with three new outlets in Odisha and Bihar
V2 Retail, initially established in 2001 under the name Vishal Megamart Ltd or Vishal Retail, underwent significant ownership changes over the years. In 2010, founder Ram Chandra Agarwal sold the financially troubled company to TPG and a Shriram Group entity for INR 70 crore. Subsequently, after eight years, the company was once more transferred, this time to a private equity consortium comprising Partners Group and Kedaara Capital, in a deal valued at over INR 5,000 crore, as reported by Forbes India.
Subsequently, the company underwent a name change to become V2 Retail Ltd.
Currently, V2 Retail boasts a presence of over 105 retail outlets spanning across 17 states in India. This includes five stores in Delhi-NCR, 24 in Bihar, 26 in Uttar Pradesh, 17 in Odisha, 6 in Assam, 7 in Jharkhand, 5 in Karnataka, 4 in Uttarakhand, 3 in Madhya Pradesh, and 2 in Goa. Furthermore, the retailer maintains one store in each of the following states: Himachal Pradesh, Arunachal Pradesh, Tripura, Jammu and Kashmir, Meghalaya, and West Bengal, as indicated on the company’s website.