![]() ![]() Share PriceĪdani Ports & Special Economic Zone. Last year, lawyeRs for the Massimo Dutti-Tata venture had argued in vain that since Zara Holdings was wholly owned subsidiary of Inditex, it qualified as owner of Massimo Dutti. Vineet Aneja, partner of Classis Law, declined to comment. Massimo Dutti’s latest application has been made through law firm Classis Law. The brand, according to Inditex’s website, has 630 stores across 60 countries. Massimo Dutti will target a more upscale market with higher quality garments ranging from high-end fashion to casual wear for both men and women. Last fiscal it made a profit of Rs 38 crore on revenues of Rs 259 crore. The brand, 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. ![]() 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, has become a rage with the country’s swish crowd ever since it opened its first store in May 2010. The joint venture plans to open its first Massimo Dutti store in New Delhi’s upscale Select Citywalk mall where its sister brand Zara made its thumping India debut. Established in 1998, Trent runs lifestyle chain Westside, one of India’s largest and fastest growing chain of lifestyle retail stores, Star Bazaar, a hypermarket chain, Landmark, a books and music chain, and Fashion Yatra, a complete family fashion store.The latest pitch for the bridge to luxury brand is through Inditex and its India joint venture partner Trent Ltd, the retailing arm of Tata Group. 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. enski sakoi iz nae kolekcije, koje god da su boje, odaju utisak elegancije, bilo da se radi o poslovnom ili keual stilu. 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. Sakoi predstavljaju savreni dodatak vaoj kombinaciji.
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