Tata's Trent & Inditex sign deal for Massimo Dutti stores
25 Jul '11
1 min read
Inditex Group and Trent Ltd., a fashion retail company part of the Indian conglomerate Tata Group, have reached an agreement for the entry of the Massimo Dutti in the country through a joint venture wherein Inditex will hold a 51% stake.
Massimo Dutti will thus join Zara, already present in India with four stores opened in New Delhi and Mumbai.
Inditex is one of the world's largest fashion retailers, welcoming shoppers at its eight store formats -Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe - boasting 5.154 stores in 78 countries.
Massimo Dutti offers basic, contemporary styles in next-generation fabrics. Garments are always of a high quality, while at the same time practical and comfortable. Subtle textures, 100-percent natural fabrics and innovative blends result in a flawless look and the utmost comfort.
Trent Limited is an India-based company engaged in the retailing business. The Company operates in two business segments: retailing and others. The Company's subsidiaries are primarily engaged in the business of retailing and services related to retailing, distribution, consultancy services.