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Catmoss plans more stores

Monday, 16 Aug 2010
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Catmoss Retail, a kidswear retail chain, plans to open 150 new stores by end-2012.

This will include retail kidswear stores in Punjab. Currently, the company has presence with 170 exclusive stores, 125 shop-in-shops pan India and 300 multi-brand stores.

In a related development, the company has also decided to offload minority stake to Hong Kong based SAIF Partners for Rs 100 crore. The capital raised from this deal will be used to fund expansion plans.

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