Spanish premium label Massimo Dutti enters India

Massimo Dutti opened its first store on Thursday at the Select Citywalk mall in New Delhi

Massimo Dutti operates 755 outlets in 73 countries across Europe, America and Asia, the company said in a statement.

 Mumbai: Massimo Dutti, a fashion brand from the Inditex Group that also owns Zara, opened its first store on Thursday at the Select Citywalk mall in New Delhi. The new store will offer womenswear, menswear, footwear and accessories.

Massimo Dutti operates 755 outlets in 73 countries across Europe, America and Asia, the company said in a statement.

Zara has been in India since 2010 in a joint venture, Inditex Trent Retail India Pvt Ltd, with the Tata group’s hypermarket and department stores retail company Trent Ltd.

Zara was one of the fastest growing apparel and lifestyle brands in India, crossing $100 million in revenue within five years of starting operations.

However, its growth rate slowed from 43% in fiscal 2014 to 24% in fiscal 2015, which it ended with revenue of Rs.721 crore, according to the Trent annual report.

article sourced: Livemint 13 May 2016

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