Home / Knowledge / News / Apparel/Garments / Massimo Dutti's India entry plan hits govt roadblock
Massimo Dutti's India entry plan hits govt roadblock
26
Jul '12
After the successful launch of its flagship Zara brand in India, Spain-based Inditex SA was eager to sell its Massimo Dutti apparels in the South Asian country.
 
However, the plan will now have to be put down as India’s Foreign Investment Promotion Board (FIPB) has rejected the application of Zara Holdings BV to sell Massimo Dutti apparels through a joint venture with Trent Ltd., a retail arm of Tata Group.
 
Earlier, the FIPB had put Zara Holdings’ application on hold saying that an investor must own the brand that it wants to bring to India. While Massimo Dutti is owned by Spanish retail chain Inditex, the application was forwarded by Zara Holdings, a wholly-owned subsidiary of the Spanish retailer.
 
In India, Zara is present through a 51:49 joint venture partnership with Trent. The joint venture currently operates eight Zara outlets in Delhi, Mumbai, Bangalore and Pune.
 
Inditex is the world’s largest apparel retailer with more than 5,600 outlets in eight formats across the globe.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search