Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India.
The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar joint venture to run the Spanish company’s Zara boutiques in India.
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