Trent Limited
Parent Tata Group | | |
Divisions |
| |
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Website | trentlimited westside |
Trent Limited (
History
In 1998, the Tatas sold off their 50% stake in
Trent operated only Westside stores until 2004, when it opened its first Star Bazaar hypermarket in Ahmedabad.[3][4]
In 2005, Trent acquired a 76% controlling stake in Landmark Bookstores,[5] a Chennai-based privately owned books and music retailer, and completed 100% acquisition in April 2008.[6]
In 2007, Trent entered a franchisee agreement with Benetton Group to set up Sisley stores in India.[7] In 2008, Trent launched value fashion stores called Fashion Yatra.[8] However, by 2012, the company shut down all Fashion Yatra stores and later terminated its Sisley agreement in an effort to shelve loss-making ventures.[9]
In 2009, Trent and Inditex established a 49:51 joint venture to run Zara stores in India.[10][11] Two years later, the two companies entered a similar agreement to open Massimo Dutti stores in India.[12]
In 2014,
In 2015, Trent entered into a partnership with Sonae to open and operate Sport Zone outlets in India, but the venture was later dissolved.[18][19]
In 2016, Trent established a private label menswear chain called Zudio in the affordable segment, before expanding its offerings to include womenswear, kidswear and accessories.[20]
In 2019, Trent acquired a 51% stake in
Retail formats
Notable retail formats of Trent include:
Name | No. of stores (as of 2023) [22][23] |
Type | Year established | Notes |
---|---|---|---|---|
Westside | 227 | Branded fashion apparel, footwear and accessories for men, women and children, along with home furnishings and decor. | 1998 | Wholly-owned |
Zudio | 460 | Affordable fashion for men, women and children. | 2016 | Wholly-owned |
Utsa | 17 | Contemporary ethnic apparel, beauty products and accessories. | 2018 | Wholly-owned |
Star | 67 | Supermarket format offering groceries, daily essentials and general merchandise. | 2004 | 50:50 joint venture with Tesco |
Zara | 20 | Fast-fashion retail chain.
|
2009 | 49:51 joint venture with Inditex |
Massimo Dutti | 3 | Premium clothing retail chain. | 2011 | 49:51 joint venture with Inditex |
Booker India
|
8 | Cash and carry format for businesses and traders.
|
2019 | 51:49 joint venture with Tesco |
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Inside a Westside outlet in Kolkata.
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A Zudio store in Hyderabad.
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Inside an erstwhile Landmark bookstore in Bangalore.
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Zara store in Mumbai.
References
- ^ a b "Trent net profit jumps 40 per cent to ₹105 crore in Q4". The Hindu Businessline. 28 April 2023. Retrieved 29 May 2023.
- ^ "Noel Tata's decisions help Trent come out at the top". Business Today. Retrieved 21 February 2024.
- ^ "Tata Trent's Westside opens 100th store in Bhubaneswar". Financial Express. Retrieved 21 February 2024.
- ^ "Trent to launch value stores for apparel in next 6 months". Mint. Retrieved 21 February 2024.
- ^ "Trent acquires 76% stake in Landmark for Rs 103.6 cr". The Hindu Business Line. 31 August 2005. Retrieved 23 February 2011.
- ^ "Trent buys out Landmark promoter". The Hindu Business Line. 1 May 2008. Retrieved 23 February 2011.
- ^ "Trent ties up with Benetton to promote Sisley brand". The Economic Times. 18 September 2007. Retrieved 21 February 2024.
- ^ "Trent launches new apparel format 'Fashion Yatra'". The Economic Times. Retrieved 21 February 2024.
- ^ "Trent closing stores in value fashion chain". Business Standard. Retrieved 21 February 2024.
- ^ "Trent forms JV with Inditex to promote Zara stores". The Economic Times. 5 February 2009. Retrieved 21 February 2024.
- ^ "For Tata's Trent, Zara is just a 'financial investment'". Business Standard. Retrieved 21 February 2024.
- ^ "Trent-Inditex to bring Massimo Dutti to India". Business Standard. Retrieved 21 February 2024.
- ^ "Tesco forms JV with Trent for multi-brand retail in India". Business Standard. Retrieved 21 February 2024.
- ^ "Tesco completes JV with Trent; first foreign supermarket chain to bring FDI in multi-brand retail". The Economic Times. 5 June 2014. Retrieved 21 February 2024.
- ^ Agarwal, Sapna (20 December 2015). "After a lull, Star Bazaar plans store expansion". mint. Retrieved 21 February 2024.
- ^ "Shutter down: Trent shuts all 20 Star Daily stores". Financial Express. 11 April 2018. Retrieved 1 March 2024.
- ^ "Tata group's Trent revamps online grocery operations, launches portal". Business Standard. Retrieved 1 March 2024.
- ^ "Portugal's Sonae bets on India for sporting retail growth". Reuters. Retrieved 18 March 2024.
- ^ a b "The trend setter" (PDF). IIFL. Retrieved 21 February 2024.
- ^ "Noel Tata's masterstroke in retail". Business Standard. Retrieved 21 February 2024.
- ^ "Trent to acquire 51% stake in Booker India". The Economic Times. 24 September 2019. Retrieved 21 February 2024.
- ^ "Annual Report" (PDF). Trent Limited. Retrieved 21 February 2024.
- ^ "PERFORMANCE HIGHLIGHTS Q3FY24" (PDF). BSE. Retrieved 21 February 2024.