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

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Urs Stalder
Sanitized AG

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X