Trent (Westside)

Last updated

Trent Limited
TypePublic
NSE:  TRENT
Industry Retail
Founded1998
Headquarters,
India
RevenueIncrease2.svg4,502 crore (US$590 million) (2022)
Increase2.svg105.52 crore (US$14 million) (2022)
Parent Tata Group
Website www.westside.com

Trent Limited (portmanteau of Tata Retail Enterprise) is an Indian retail company, which is part of Tata Group and based out of Mumbai. Started in 1998, Trent operates Westside, a retail chain, and Landmark, a bookstore chain with brick and mortar stores in various locations of India. [1]

Contents

History

In 1998 Tata sold off their 50% stake in the cosmetic products company Lakmé to HUL for 200 crore (US$48.46 million), 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 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.

In August 2005, Trent acquired a 76% controlling stake in Landmark, [2] a Chennai-based privately owned books and music retailer, and completed 100% acquisition in April 2008. [3]

Business

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References

  1. "Fashion for ladies & latest men's fashion | Westside brand name clothing". Mywestside.com. Archived from the original on 20 May 2011. Retrieved 23 February 2011.
  2. "Trent acquires 76% stake in Landmark for Rs 103.6 cr". The Hindu Business Line. 31 August 2005. Retrieved 23 February 2011.
  3. "Trent buys out Landmark promoter". The Hindu Business Line. 1 May 2008. Retrieved 23 February 2011.
  4. "Trent | Business | Tata group". www.tata.com. Retrieved 5 April 2020.
  5. "Trent's Star Bazaar comes to Bangalore". Tata.com. 14 January 2008. Retrieved 23 February 2011.