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Trent (Westside): Difference between revisions
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'''Trent Limited''' (portmanteau of Tata Retail Enterprise) is the retail hand of [[Tata group]]. Started in 1998, Trent operates Westside, one of the many growing retail chains in [[India]] based in | '''Trent Limited''' (portmanteau of Tata Retail Enterprise) is the retail hand of [[Tata group]] based out of [[Mumbai]], [[Maharashtra]]. | ||
Started in 1998, Trent operates Westside, one of the many growing retail chains in [[India]] based in Mumbai, and [[Landmark Bookstores|Landmark]], a [[bookstore]] chain with [[brick and mortar]] stores in various locations of India.<ref>{{cite web |url=http://www.mywestside.com/contactus.aspx |title=Fashion for ladies & latest men’s fashion | Westside brand name clothing |publisher=Mywestside.com |accessdate=2011-02-23 |archive-url=https://web.archive.org/web/20110520020604/http://mywestside.com/contactus.aspx |archive-date=20 May 2011 |url-status=dead |df=dmy-all }}</ref> | |||
==History== | ==History== | ||
In 1998 Tata sold off their 50% stake in the cosmetic products company [[Lakme cosmetics|Lakmé]] to [[Hindustan Unilever Limited|HUL]] for {{INRConvert|200|c|year=1998|mode=historical}}, 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 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. | In 1998 Tata sold off their 50% stake in the cosmetic products company [[Lakme cosmetics|Lakmé]] to [[Hindustan Unilever Limited|HUL]] for {{INRConvert|200|c|year=1998|mode=historical}}, 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 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. | ||
In Aug, 2005 Trent acquired a 76% controlling stake in Landmark,<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> | |||
==Business== | ==Business== | ||
* | * '''Westside''' - It offers branded fashion apparel, footwear and accessories for men, women and children, along with a wide range of home furnishings and decor. It has over 200 retail stores measuring 8,000-34,000 sq. ft. in 82 major Indian cities under the Westside brand. | ||
*Zudio | * '''Zudio''' - It offers affordable fashion for men, women and children. The company has established 115 stores across 12 cities.<ref>{{Cite web|url=https://www.tata.com/business/trent|title=Trent {{!}} Business {{!}} Tata group|website=www.tata.com|language=en|access-date=2020-04-05}}</ref> | ||
* | * '''Star''' - It offers an assortment of products, including staples, beverages, health & beauty products along with comprehensive fresh offerings in 10 [[hypermarket]]s and 26 [[supermarket]]s available in eight Indian cities.<ref>{{cite web|url=http://www.tata.com/company/releases/inside.aspx?artid=tpgk8u5Tltk= |title=Trent's Star Bazaar comes to Bangalore |publisher=Tata.com |date=2008-01-14 |accessdate=2011-02-23}}</ref> | ||
* | * '''Landmark''' - It offers curated range of toys, front listed books, stationery and sports merchandise in its 16 stores. | ||
* '''Booker Wholesale''' - It operates cash and carry stores which are providing best choice, price and service to kirana stores, traders, wholesalers, hotels, restaurants and small businesses. | |||
== References == | == References == | ||
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{{India-company-stub}} | {{India-company-stub}} | ||