Trent sells Zara, Massimo Dutti shares to Inditex

Tata's Trent has reduced its ownership stakes in its joint ventures with Inditex, which operate Zara and Massimo Dutti stores in India. This shift reflects a change in the companies' partnership. Trent decreased its holdings in the Zara and Massimo Dutti ventures by selling shares back to Inditex, dropping its stake in Zara from 49% to 34.94% and in Massimo Dutti from 49% to 20%. Inditex is increasing its direct control in the Indian market. Trent is focusing on expanding its own brands, like Zudio and Westside, which now have over 1,000 stores. Inditex has also launched new brands in India independently, signaling a strategic shift in the market.