Retail operations company of Tata Group, Trent is learnt to be in talks with London-based Arcadia Group, to bring latter’s chain of clothing stores Topshop in India. According to sources close to the development, the talks are already at the final stages.
Meanwhile, the much awaited brand – Zara now be available in India as a result of a joint venture signed between Trent Ltd and Inditex Group. As a part of the deal, Zara stores would be launched in India in 2010 with initial stores in New Delhi, Mumbai and other major cities in India.
Commenting on the JV tie-up Inditex’s first deputy chairman and chief executive Pablo Isla said, “We view our entry into the Indian market to be of significant strategic importance. We are extremely delighted to be associating with Trent from the Tata Group one of India’s largest and most respected business houses.
“Our retail offering has been very well received by shoppers in Asian markets, and we have rapidly expanded there. And now India will be one of our top priorities in the region,” added Isla.
Inditex is one of the world’s biggest fashion retailers from Spain and Trent Limited is the retail arm of the Tata Group.
— Zainab Morbiwala & Shailesh Shah