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Zara’s India Joint Venture Records 28% Sales Drop

Zara owner Inditex has halted trading in Russia, closing its 502 shops and stopping online sales.
Zara owner Inditex has halted trading in Russia, closing its 502 shops and stopping online sales. (Shutterstock)
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The Spanish fast fashion giant operates in India through a joint venture, Inditex Trent Retail India Private Limited (ITRIPL), between its parent Inditex and local retail conglomerate Tata Group’s Trent Limited. For the year ended March 31 2021, the entity reported a 410 million rupee loss (around $5 million) after sales declined 28 percent,

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Zoe Suen

Zoe Suen is a contributing writer at The Business of Fashion. Suen is a freelance writer, editor, and consultant who writes about luxury fashion and beauty.

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