NEW DELHI: Fashion and apparels retailer V2 Retail has set an aggressive expansion target of doubling its retail presence to 100 outlets by the end of the next fiscal.The value-focused retailer, which mostly has presence in tier II and III cities, is also looking at achieving a compound annual growth rate of 40 per cent for the next 2-3 years. "Our target is to have a network of 100 stores by March 2019. In October last year, funds affiliated with private equity firm Lighthouse made an investment of Rs 76 crore in the company.V2 Retail was formerly known as Vishal Retail. The brand "Vishal" was sold in the year 2011 due to operational losses. The company was later renamed V2 Retail Ltd.

Source: Economic Times February 11, 2018 10:52 UTC