Tata’s Trent plans to sell 29% stake in joint venture for Massimo Dutti in India

Tata Group business Trent Limited plans to sell off a 29% stake in its joint venture which retails Spanish premium clothing brand Massimo Dutti in the Indian market. The move will leave Trent Limited with a 20% stake in the associate business. 

Trent Limited will sell the 29% stake for approximately Rs 20.75 crore, ET Bureau reported. The Spanish retail business Grupo Massimo Dutti will pick up the stake in the company. 

After announcing single digit same store sales growth in the third quarter of the 2025 financial year on February 6, Trent Limited saw its shares drop in value by 8.2% on the Bombay Stock Exchange. The business also took the occasion to announce its plans to optimise its brick-and-mortar portfolio. 

“This involves upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets,” announced Trend Limited in a statement, the Economic Times reported. “While store expansion is a key growth lever for us, maintaining the quality and physical aesthetics of stores and ensuring consistent customer experience is equally an important objective.” 

Massimo Dutti is owned by Spanish Fashion Giant Inditex Group and the label specialises in cashmere and wool products. The brand counts stores in Indian locations including Mumbai’s Phoenix Palladium, Delhi’s Mall of India and Select Citywalk, and Pune’s Phoenix Palladium among others, according to the store locator tool on Massimo Dutti’s global website.