Tag Archives: Inditex

After Zara stiring Indian retail market, get set for Massimo Dutti

From the House of Inditex, Massimo Dutti, gets approval to sell its clothing, apparel, footwear and accessories in India. The brand has received approval from Foreign Investment Promotion Board (FIPB) this weekend.

The Inditex owned brand Zara already sells in India through a JV between Inditex and Tata Trent. Similarly, Massimo Dutti will also enter through the same JV. Though the brand’s first application was rejected last year, but now the brand will enter under the new FDI policies.

116Massimo Dutti

Massimo Dutti which was acquired by Inditex in 1991 to enhance the group’s product portfolio, is one of the expensive brands in the group. It sells daily and formal wear which is detailed in design, is classic and available for men, women and kids.

India still has the gap of a brand that serves the complete family with classic formal wear which will be well filled by the brand.

With this brand, Inditex is set to gain a stronger foothold among the consumers who are already glued to buying Zara in India. Zara has been a hit and this has been seen in recent revenue reports of Rs 450 crore in the fiscal ended March’13, leaving behind some of the largest Indian retail names in the country.

Zara cracks India code; posts annual sales of Rs 405 crore

It came with a splash and swayed every fashion lover off its feet. Yes, we are talking about Zara, the Spanish fast fashion brand. We all love Zara and why not, they are the trend setters.

This common thought has been well reciprocated in the retailers annual sales which have reached Rs 405 crore for FY 2012-13, 56 per cent higher than the previous year. The retailer currently has nine stores across India and if our mathematics is right, each store has made nearly Rs 45 crore on an average.

These numbers are impressive and brings the retailer at par with some of India’s leading brands including Tanishq and leaving behind one the largest retail chain Shoppers Stop.

zara Continue reading Zara cracks India code; posts annual sales of Rs 405 crore