![]() Trent is the retail arm of the Tata group. ![]() Inditex has several brands – Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe – all of which share one sales and management approach with a focus on customer service. ![]() Zara opened its first location in India in 2010 and currently has stores in Mumbai, Pune, Bangalore and Delhi. Massimo Dutti and Zara are both Inditex-owned brands. Inditex hopes to open stores in top locations and malls, but noted that “finding marquee properties is taking time. The joint venture between Inditex and Trent will invest Rs 10 crore ($1.6 million) in two years to open five Massimo Dutti locations. However, the FIPB accepted Zara’s application in 2012, and India’s government subsequently eased its laws on brand ownership. The apparel group in June 2012 had put forward application to open Massimo Dutti stores in the country, but the application was rejected by India’s Foreign Investment Promotion Board (FIPB) claiming that an investor should own the brand it proposes to bring to India under local law. Inspired by a responsible passion for fashion and, above all, by the customers plans to open its Massimo Dutti stores in India, one year after signing a joint venture to run stores under the brand in an agreement with Indian retail operations group Trent. Despite the global slowdown the fashion retailer clocked 16 per cent year-on-year jump in its net sales for fiscal year 2012 at 16 billion (Rs 8,69,200 crores) and 22 per cent rise in net profit of 2.4 billion (about Rs 13,000 crores).Inditex a Spanish multinational clothing company headquartered in Arteixo, Galicia and one of the world's largest fashion retailers with eight brands and over 6,390 stores throughout the world. Inditex operates more than 6,000 stores in 86 countries across eight formats including Zara, Massimo Dutti, Pull & Bear and Uterque. Last fiscal it made a profit of Rs 38 crores on revenues of Rs 259 crores. Zara, which is in the country through a similar partnership between Inditex and Tata, has made profits in two out of its three years in India. FIPB rejected the proposal stating it did not meet India’s single brand retailing investment norm that mandated its original owner bring in the brand to the country.Īfter Zara, the world's favourite fast-fashion brand known for its ability to take a new style from design table to dressing room in a matter of weeks, made a splash ever since it opened its first store in May 2010, Mossimo Dutti too wants to attarck eyeballs. The company expects to get through this time around by working out a solution to government officials’ objection over ownership of the brand.Įarly last year, Massimo Dutti had applied for a 51:49 joint venture with the Tata Group through Zara Holdings BV, the flagship unit of Inditex Group. ![]() The stores will be opened through a 51:49 JV with the Tata Group. Inditex, has once again made an application to the Foreign Investment Promotion Board (FIPB) to invest 1.5 million euros (about Rs 10 crores) over two years to open five Massimo Dutti stores in India. Massimo Dutti, the upmarket fashion brand from
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