Trent (Westside)

Trent (Westside)
Subsidiary
Industry Retail
Founded 1998
Headquarters Mumbai, Maharashtra, India
Parent Tata Group
Website Official Website

Trent is the retail arm of the Tata group. Started in 1998, Trent operates Westside, one of the many growing retail chains in India based in Mumbai, Maharashtra and Landmark, a bookstore chain with Brick and mortar stores in various locations of India.[1]

History

In 1998 Tata sold off their 50% stake in the cosmetic products company Lakmé to HLL for Rs 200 Crore (approx. 45 million US$), and created Trent from the money it made through the sale. All shareholders of Lakmé were given different shares in Trent. Simone Tata, the chairperson of Lakmé, went on to head Trent. The reason behind the sale was that Simone Tata saw a greater growth potential in retail, and believed that it would be much more difficult for an Indian company to release new cosmetic products in a market that had opened up to global companies.

Business

The company has a turnover of Rs. 357.6 crores (FY 2005-2006) and currently operates more than 90 stores in the major metros and mini metros of India.

References

  1. ↑ "Fashion for ladies & latest men's fashion | Westside brand name clothing". Mywestside.com. Retrieved 2011-02-23.
  2. ↑ "Trent's Star Bazaar comes to Bangalore". Tata.com. 2008-01-14. Retrieved 2011-02-23.
  3. ↑ "Trent acquires 76% stake in Landmark for Rs 103.6 cr". The Hindu Business Line. 2005-08-31. Retrieved 2011-02-23.
  4. ↑ "Trent buys out Landmark promoter". The Hindu Business Line. 2008-05-01. Retrieved 2011-02-23.
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