Inditex and Indian industrial giant Tata have set up a joint venture to take the Spanish fashion retailers’ flagship banner Zara to India’s booming market.
A Coruna, Spain-based Inditex will control the venture, called Trent Limited, which will expand Zara into New Delhi and Bombay in coming weeks.
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During the accord’s signature, Trent Limited managing director Noel Tata said he sees “great opportunities” for Zara in India, the world’s most populous nation with a large number of fashion-sensitive consumers aware of international trends.
On Monday, Inditex announced the rollout of its first, 1,800 square-metre Zara in Delhi’s Select CityWalk mall, adding that the move takes its franchise to 77 countries.
A Bombay opening is scheduled for coming weeks in the city’s Palladium mall as well as a second Zara in Delhi.
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