Trent (Westside)
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| Type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1998 |
| Headquarters | Mumbai, Maharashtra, India |
| Parent | Tata Group |
| Website | Official Website |
Trent is the retail arm of the Tata group. Started in 1998, Trent operates Westside, one of the many growing retail chains in India based in Mumbai, Maharashtra.[1]
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[edit] History
In 1998 Tata sold of their 50% stake in the cosmetic products company Lakmé to HLL for Rs 200 Crore (approx. 45 million US$), 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 Simone 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.
[edit] Business
The company has a turnover of Rs. 357.6 crores (FY 2005-2006) and currently operates more than 60 stores in the major metros and mini metros of India.[citation needed]
[edit] Retail stores
Westside operates stores in Mumbai, Navi Mumbai, Ahmedabad, Bangalore, Delhi, Faridabad, Coimbatore, Chennai, Kolkata, Chandigarh, Hyderabad, Pune, Surat, Vadodara, Jabalpur, Indore, Noida, Gurgaon, Guwahati Ghaziabad, Mysore, Jaipur, Lucknow, Nagpur, Kanpur, Raipur, Jammu and Goa.
[edit] Star Bazaar
Trent also operates the newly launched hypermarket, Star Bazaar which is situated in Ahmedabad, Bangalore, Pune, Coimbatore and Mumbai.[2] It is also opened Ampa Mall in Chennai.
[edit] Landmark
In Aug, 2005 Trent acquired a 76% controlling stake in Landmark,[3] a Chennai-based privately owned books and music retailer and completed 100% acquisition in April 2008.[4] Landmark currently has 16 stores.
[edit] References
- ^ "Fashion for ladies & latest men’s fashion | Westside brand name clothing". Mywestside.com. http://www.mywestside.com/contactus.aspx. Retrieved 2011-02-23.
- ^ "Trent's Star Bazaar comes to Bangalore". Tata.com. 2008-01-14. http://www.tata.com/company/releases/inside.aspx?artid=tpgk8u5Tltk=. Retrieved 2011-02-23.
- ^ "Trent acquires 76% stake in Landmark for Rs 103.6 cr". Thehindubusinessline.com. 2005-08-31. http://www.thehindubusinessline.com/2005/08/31/stories/2005083101750800.htm. Retrieved 2011-02-23.
- ^ "Trent buys out Landmark promoter". Thehindubusinessline.com. 2008-05-01. http://www.thehindubusinessline.com/bline/2008/05/01/stories/2008050150190500.htm. Retrieved 2011-02-23.
Landmark currently has 18 Store in India
