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Inditex Trent Retail India Pvt Ltd is a 51:49 JV with 51 per cent held by the Spanish partner. Trent, whose flagship brand is Westside, has another JV with Inditex for Massimo Dutti stores in India.
The majority partner entirely controls the core customer proposition with respect to the fashion offer, a news agency reported quoting the company document.
Inditex Trent Retail India Pvt Ltd recorded a 19.40 per cent rise in revenues at ₹1,221.67 crore in 2017-18. Trent's revenue from operations in 2017-18 stood at ₹2,066.29 crore.
Trent, however, wants to steadily expand the presence of Zara stores in India over the next three to four years.
At present there are 20 Zara stores in Delhi, Mumbai, Bangalore, Pune, Surat, Jaipur, Chandigarh, Chennai, Mohali, Hyderabad and Gurgaon. (DS)
Fibre2Fashion News Desk – India
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