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.