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{{short description|Indian retail company}}
{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Infobox company
| name = Trent Limited
| logo = Trent Limited.svg
| logo_size = 200px
| image = {{CSS image crop
|Image = Insidelulu1.jpg
|bSize = 360
|cWidth = 245
|cHeight = 150
|oTop = 20
|oLeft= 0
|Location=center
}}
| image_caption = Westside store in [[Thiruvananthapuram]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NSE|TRENT}}|{{BSE|500251}}|[[NIFTY 50|NSE NIFTY 50]] constituent|[[BSE SENSEX]] constituent}}
| foundation = {{start date and age|1952}} (as [[Lakmé Cosmetics|Lakmé Limited]])<ref name="about">{{cite web |title=About Us2.0 |url=https://trentlimited.com/pages/copy-of-about-us2-0 |website=Trent Limited |access-date=17 May 2024 |language=en}}</ref>
----
{{start date and age|1998}} (as Trent Limited)<ref name="about"/>
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = India
| key_people = {{ubl|[[Noel Tata]] {{small|(Chairman)}}|P. Venkatesalu {{small|(CEO)}}<ref>{{cite news |last1=Vijayraghavan |first1=Kala |last2=Mascarenhas |first2=Rajesh |title=Trent plans global retail push after acing it in India |url=https://economictimes.indiatimes.com/industry/services/retail/trent-plans-global-retail-push-after-acing-it-in-india/articleshow/110645533.cms |access-date=17 June 2024 |work=The Economic Times |date=3 June 2024}}</ref>}}
| num_employees = 25,277 (March 2024)<ref name="ar">{{cite web |title=Annual Report |url=https://docs.trent-tata.com/TrentLimited/AGM%20%20documents/2023-24/Seventy%20Second%20Annual%20Report%20FY%202023-24.pdf |publisher=Trent Limited |access-date=16 June 2024}}</ref>
| industry = [[Retail]]
| locations =
| parent = [[Tata Group]]
| ISIN = INE849A01020
| revenue = {{up}} {{INRConvert|17353|c}} (FY2025)
| operating_income = {{up}} {{INRConvert|2029|c}} (FY2025)
| net_income = {{up}} {{INRConvert|1534|c}} (FY2025)
| homepage = {{url|https://trentlimited.com}}
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref name="fy23">{{cite news |title=Trent Q4 FY25 results|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1982b0d-f653-4ad7-b04e-94b469776b39.pdf |language=en |publisher=Trent Limited |access-date=3 May 2025}}</ref>
}}

'''Trent Limited''' ([[portmanteau]] of Tata Retail Enterprise) is an Indian [[retail]] company, which is part of the [[Tata Group]] and based in [[Mumbai]]. Started in 1998, Trent owns and operates fashion and lifestyle [[retail format]]s such as Westside, [[Zudio]] and Utsa. The company also runs retail chains like Star Bazaar and [[Zara (retailer)|Zara]] through joint ventures.

==History==
In 1998, the Tatas sold off their 50% stake in [[Lakmé Cosmetics]] to [[Hindustan Unilever Limited|Hindustan Lever]] for {{INRConvert|200|c|year=1998|mode=historical}}, and created Trent with the proceeds from the sale. [[Simone Tata]], the chairperson of Lakmé, went on to head Trent. The company began operations in 1998, after acquiring the only store of [[Littlewoods]] in [[Bangalore]] and renaming the store "Westside".<ref>{{cite news |title=Noel Tata's decisions help Trent come out at the top |url=https://www.businesstoday.in/magazine/cover-story/story/the-tortoise-that-came-in-from-the-cold-244602-2009-10-23 |access-date=21 February 2024 |work=Business Today}}</ref>

Trent operated only Westside stores until 2004, when it opened its first Star Bazaar [[hypermarket]] in [[Ahmedabad]].<ref>{{cite news |title=Tata Trent's Westside opens 100th store in Bhubaneswar |url=https://www.financialexpress.com/business/industry-tata-trents-westside-opens-100th-store-in-bhubaneswar-423450/ |access-date=21 February 2024 |work=Financial Express}}</ref><ref>{{cite news |title=Trent to launch value stores for apparel in next 6 months |url=https://www.livemint.com/Companies/C20aCIsqqqP5QBi5PxzaFO/Trent-to-launch-value-stores-for-apparel-in-next-6-months.html |access-date=21 February 2024 |work=Mint}}</ref>

In 2005, Trent acquired a 76% controlling stake in [[Landmark Bookstores]],<ref>{{cite web|url=http://www.thehindubusinessline.com/2005/08/31/stories/2005083101750800.htm |title=Trent acquires 76% stake in Landmark for Rs 103.6 cr |newspaper=The Hindu Business Line |date=2005-08-31 |accessdate=2011-02-23}}</ref> a [[Chennai]]-based privately owned books and music retailer, and completed 100% acquisition in April 2008.<ref>{{cite web|url=http://www.thehindubusinessline.in/bline/2008/05/01/stories/2008050150190500.htm |title=Trent buys out Landmark promoter |newspaper=The Hindu Business Line |date=2008-05-01 |accessdate=2011-02-23}}</ref>

In 2007, Trent entered a franchisee agreement with [[Benetton Group]] to set up Sisley stores in India.<ref>{{cite news |title=Trent ties up with Benetton to promote Sisley brand |url=https://economictimes.indiatimes.com/industry/services/retail/trent-ties-up-with-benetton-to-promote-sisley-brand/articleshow/2379980.cms |access-date=21 February 2024 |work=The Economic Times |date=18 September 2007}}</ref> In 2008, Trent launched value fashion stores called Fashion Yatra.<ref>{{cite news |title=Trent launches new apparel format 'Fashion Yatra' |url=https://economictimes.indiatimes.com/trent-launches-new-apparel-format-fashion-yatra/articleshow/3620403.cms |access-date=21 February 2024 |work=The Economic Times}}</ref> 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.<ref>{{cite news |title=Trent closing stores in value fashion chain |url=https://www.business-standard.com/article/companies/trent-closing-stores-in-value-fashion-chain-112020800065_1.html |access-date=21 February 2024 |work=Business Standard}}</ref>

In 2009, Trent and [[Inditex]] established a 49:51 [[joint venture]] to run [[Zara (retailer)|Zara]] stores in India.<ref>{{cite news |title=Trent forms JV with Inditex to promote Zara stores |url=https://economictimes.indiatimes.com/industry/services/retail/trent-forms-jv-with-inditex-to-promote-zara-stores/articleshow/4080722.cms |access-date=21 February 2024 |work=The Economic Times |date=5 February 2009}}</ref><ref>{{cite news |title=For Tata's Trent, Zara is just a 'financial investment' |url=https://www.business-standard.com/article/companies/for-tata-s-trent-zara-is-just-a-financial-investment-115071000010_1.html |access-date=21 February 2024 |work=Business Standard}}</ref> Two years later, the two companies entered a similar agreement to open [[Massimo Dutti]] stores in India.<ref>{{cite news |title=Trent-Inditex to bring Massimo Dutti to India |url=https://www.business-standard.com/article/companies/trent-inditex-to-bring-massimo-dutti-to-india-111072300078_1.html |access-date=21 February 2024 |work=Business Standard}}</ref>

In 2014, [[Tesco]] acquired a 50% stake in Star Bazaar for £85 million and became a joint venture partner.<ref>{{cite news |title=Tesco forms JV with Trent for multi-brand retail in India |url=https://www.business-standard.com/article/companies/tesco-forms-jv-with-trent-for-multi-brand-retail-in-india-114032100826_1.html |access-date=21 February 2024 |work=Business Standard}}</ref><ref>{{cite news |title=Tesco completes JV with Trent; first foreign supermarket chain to bring FDI in multi-brand retail |url=https://economictimes.indiatimes.com/industry/services/retail/tesco-completes-jv-with-trent-first-foreign-supermarket-chain-to-bring-fdi-in-multi-brand-retail/articleshow/36050618.cms |access-date=21 February 2024 |work=The Economic Times |date=5 June 2014}}</ref> After the establishment of the joint venture, Star Bazaar started [[supermarket]] format Star Market and small [[convenience store]] format Star Daily,<ref>{{cite news |last1=Agarwal |first1=Sapna |title=After a lull, Star Bazaar plans store expansion |url=https://www.livemint.com/Companies/5ZSRjZxrno5V1UDtUaBmdI/After-a-lull-Star-Bazaar-plans-store-expansion.html |access-date=21 February 2024 |work=mint |date=20 December 2015 |language=en}}</ref> but discontinued the latter by early 2018<ref>{{cite news |title=Shutter down: Trent shuts all 20 Star Daily stores |url=https://www.financialexpress.com/business/industry-shutter-down-trent-shuts-all-20-star-daily-stores-1128815/ |access-date=1 March 2024 |work=Financial Express |date=11 April 2018 |language=en}}</ref> when it began its [[online grocery]] service called StarQuik.<ref>{{cite news |title=Tata group's Trent revamps online grocery operations, launches portal |url=https://www.business-standard.com/article/companies/tata-group-s-trent-revamps-online-grocery-operations-launches-portal-118011500051_1.html |access-date=1 March 2024 |work=Business Standard}}</ref>

In 2015, Trent entered into a partnership with [[Sonae]] to open and operate [[Sport Zone]] outlets in India, but the venture was later dissolved.<ref>{{cite news |title=Portugal's Sonae bets on India for sporting retail growth |url=https://www.reuters.com/article/idUSL8N0XO35Z/ |access-date=18 March 2024 |work=Reuters}}</ref><ref name="setter"/>

In 2016, Trent opened its first [[Zudio]] store in [[Bangalore]].<ref>{{cite news |title=Noel Tata's masterstroke in retail |url=https://www.business-standard.com/opinion/columns/noel-tata-s-masterstroke-in-retail-123082801246_1.html |access-date=21 February 2024 |work=Business Standard}}</ref> Over the subsequent years, the number of Zudio stores grew at a faster rate than Trent's flagship format Westside, driven by high [[Asset turnover|turnover]] of Zudio's relatively inexpensive [[fast fashion]] clothing.<ref>{{cite news |last1=Sen |first1=Sesa |title=Zudio, Tata's Retail Sensation, Is Now Bigger Than Westside |url=https://www.ndtvprofit.com/profit-insights/tatas-retail-gem-zudio-is-now-bigger-than-westside |access-date=3 May 2025 |work=NDTV Profit |date=23 May 2024 |language=en}}</ref><ref>{{cite news |last1=Tandon |first1=Suneera |title=Trent speeds up Zudio expansion, adds over 200 stores last fiscal |url=https://www.livemint.com/companies/trent-speeds-up-zudio-expansion-adds-over-200-stores-last-fiscal-11716262775192.html |access-date=3 May 2025 |work=Mint |date=21 May 2024}}</ref><ref name="pyra"/>

In 2019, Trent acquired a 51% stake in [[Booker Wholesale|Booker India]] for {{INRconvert|22|c|mode=historical|year=2019}}.<ref>{{cite news |title=Trent to acquire 51% stake in Booker India |url=https://economictimes.indiatimes.com/markets/stocks/news/trent-to-acquire-51-stake-in-booker-india/articleshow/71280828.cms |access-date=21 February 2024 |work=The Economic Times |date=24 September 2019}}</ref> After the [[COVID-19 pandemic|outbreak of COVID-19]], Trent [[Positioning (marketing)|repositioned]] Landmark Bookstores as a beauty and accessories retailer called Misbu. In 2023, the company started [[occasionwear]] chain, Samoh.<ref name="setter">{{cite news |title=The trend setter |url=https://www.iiflcap.com/Upload/Research/IIFL_-_Trent_-_Company_update_-_Oct_2023_-_20231026.pdf |access-date=21 February 2024 |work=IIFL}}</ref>

In 2024, the company began operating internationally with the opening of a Zudio store in [[Dubai]].<ref name="pyra">{{cite news |title=How the bottom-of-the-pyramid strategy worked out for Zudio |url=https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/how-the-bottom-of-the-pyramid-strategy-worked-out-for-zudio/articleshow/114018651.cms |access-date=3 May 2025 |work=The Economic Times |date=7 October 2024}}</ref>

==Retail formats==
Retail formats of Trent include:
{| class="wikitable sortable"
|-
!scope="col" style="width: 250px;" |Name
!scope="col" style="width: 150px;" |No. of stores<br>(March 2025)<ref>{{cite web |title=Investors’ Presentation on the Audited Financial Results (Standalone and Consolidated) for the year ended 31st March 2025 |url=https://docs.trent-tata.com/Trent_Limited_Q4FY25_Investor_Deck_V3.pdf |publisher=Trent Limited |access-date=3 May 2025}}</ref>
!scope="col" style="width: 500px;" |Type
!scope="col" style="width: 100px;" |Year established
!scope="col" style="width: 250px;" |Notes
|-
|Westside
|align="center"|248
|Branded fashion apparel, footwear and accessories for men, women and children, along with home decor and furnishings
| 1998
| Wholly-owned
|-
|[[Zudio]]
|align="center"|765
|Affordable fashion for men, women and children
| 2016
| Wholly-owned
|-
|Utsa
|align="center"|20
|Contemporary ethnic apparel, beauty products and accessories
|2019
| Wholly-owned
|-
|Samoh
|align="center"|5
|Indian occasionwear
|2023
| Wholly-owned
|-
|Star
|align="center"|78
|Supermarket format offering groceries, daily essentials and general merchandise
|2004
| 50:50 joint venture with [[Tesco]]
|-
|[[Zara (retailer)|Zara]]
|align="center"|23
|[[Fast-fashion]] retail chain
|2009
| 35:65 joint venture with [[Inditex]]<ref>{{cite news |last1=Malviya |first1=Sagar |title=Trent's JV deal for Zara, Massimo has a 'put' edge |url=https://economictimes.indiatimes.com/industry/services/retail/trents-jv-deal-for-zara-massimo-has-a-put-edge/articleshow/120529096.cms |access-date=3 May 2025 |work=The Economic Times |date=23 April 2025}}</ref>
|-
|[[Massimo Dutti]]
|align="center"|3
|Premium clothing retail chain
|2011
| 49:51 joint venture with Inditex
|-
|[[Booker Wholesale|Booker India]]
|align="center"|5
|[[Cash and carry (wholesale)|Cash and carry]] format for businesses and traders
|2019
| 51:49 joint venture with Tesco
|-
|}
<gallery>
File:Westside Store - Mani Square Mall - Kolkata 20180223154855.jpg|Inside a Westside outlet in [[Kolkata]].
File:Hyderabad at night in 2024 01.jpg|A typical neighbourhood Zudio store, [[Hyderabad]].
File:Phoenix Marketcity (Mumbai) - Zara.jpg|Zara store in [[Mumbai]].
</gallery>

== References ==
{{reflist|30em}}

==External links==
{{commons category|Trent (Westside)}}
*{{official}}

{{Tata Group}}
{{Nifty 200 companies}}

[[Category:Trent Limited| ]]
[[Category:Retail companies of India]]
[[Category:Companies based in Mumbai]]
[[Category:Clothing brands of India]]
[[Category:Retail companies established in 1998]]
[[Category:Indian companies established in 1998]]
[[Category:1998 establishments in Maharashtra]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:NIFTY 50]]
[[Category:BSE SENSEX]]

Trent Limited - Revision history

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