11 November 2025, Mumbai
Spanish clothing giant Inditex is significantly increasing its involvement in India by acquiring an additional stake in its JV with Trent for the Zara brand. Inditex's shareholding in the Zara JV, known as Inditex Trent Retail India (ITRIPL), is expected to increase to 80 per cent, from its current 65 per cent.
This increase follows a buyback offer of Rs 146 crore (approximately $17.5 million USD) made by the Spanish company last week. Inditex already holds an 80 per cent stake in its second JV with Trent for its luxury brand, Massimo Dutti. Neither Trent nor Inditex were immediately available for comment regarding the transaction.
Inditex increased its shareholding by acquiring a 14.06 per cent stake from Trent for Rs 105.08 crore. That transaction boosted Inditex's stake from 51 per cent to 65.06 per cent, simultaneously reducing Trent’s holding from 49 per cent to 34.94 per cent
Separately, in the Massimo Dutti JV, Inditex had previously increased its shareholding from 51 per cent to 80 per cent in March 2025, acquiring a 29 per cent stake from Trent for Rs 20.75 crore. Following that deal, Trent's remaining stake in the Massimo Dutti JV stands at 20 per cent.
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