Home / Knowledge / News / Apparel/Garments / Spanish apparel retailer stitches plans to enter India
Spanish apparel retailer stitches plans to enter India
06
May '13
Several global players in the fashion and apparel retail sector, including Tesco, IKEA, Walmart and Hennes & Mauritz group (H&M), are planning to expand their business to India through the foreign direct investment route.

Recently, Spain-based Inditex, one of the world’s largest apparel retailers, has filed an application to the Foreign Investment Promotion Board (FIPB) to open Massimo Dutti stores across India through a joint venture with Tata group.

“We have filed an application to develop Massimo Dutti stores in India through a joint venture with Tata group,” the spokesperson of Inditex told fibre2fashion.

Earlier in 2011, the apparel retailer had submitted an application to enter the Indian market with Massimo Dutti, through a joint venture with Tata Group, wherein Inditex will hold 51 percent stake. However, the proposal was rejected by the FIPB without citing any reason.

Inditex has more than 6,000 stores in 86 markets worldwide and owns brands like Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe.

Massimo Dutti offers a wide variety of collections, ranging from sophisticated high-end fashion to easygoing casual wear. Its 630 stores in 60 countries share a universal design which transcends national borders to connect with today's men and women, who are independent, urban and cosmopolitan.

Trent Limited is an India-based company engaged in the retailing business. The company operates in two business segments: retailing and services related to retailing, distribution, consultancy services.   

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
March 2017

March 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