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Trent + Inditex to Bring Zara Stores into India

February 5, 2009


You are Reading this First HereTrent Ltd, the retail arm of the Tata Group has entered into a MOU with the Inditex Group to develop and promote Zara stores in India. Inditex is one of world’s biggest fashion retailer from Spain. As per the MOU, Inditex will hold 51% and Trent would hold 49% stake in the proposed joint venture company.

Noel N Tata Managing Director of Trent Ltd currently in Spain, said

We are very excited about our proposed joint venture with Inditex. We see great opportunities for Zara in a country which is becoming increasingly fashion conscious Zara has proven itself capable of quickly adapting to changing consumer tastes across geographies. Zara will satisfy the discerning Indian consumers demand for the latest fashion trends very well.

The JV plans to open its first stores starting in 2010 in New Delhi, Mumbai and other cities of India. Slowdowns are the best time to get your plans off the ground.

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