The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Spanish fast fashion giant operates in India through a joint venture, Inditex Trent Retail India Private Limited (ITRIPL), between its parent Inditex and local retail conglomerate Tata Group’s Trent Limited. For the year ended March 31 2021, the entity reported a 410 million rupee loss (around $5 million) after sales declined 28 percent, India Retailing reports.
The joint venture reported around one billion rupee in profit ($14 million) its previous fiscal year.
ITRIPL runs 21 Zara stores in 11 cities across India. As well as Zara, it holds rights to Inditex-owned Massimo Dutti’s local business, which reported a 49.3 percent drop in sales for the period.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.