Tatas’ Trent exits contract with Xander group

Reports said that Tatas’ retail arm Trent exited six-year-old agreement with Xander Group. The company is planning to focus on standalone stores to expand its Star Bazaar hypermarket, report was quoted as saying. Trent has not opened a single Star Bazaar store in 2012-13 because those in the pipeline were located inside shopping malls.   […]

Trent retail to buyout TVS Shriram Fund stake in Landmark

Tata Group retail arm Trent today said its board has approved a proposal to buy private equity fund TVS Shriram Growth Fund’s entire stake in Landmark Ltd, for Rs 84 crore. “The company’s board has approved to purchase from TVS Shriram Growth Fund I its entire shareholding of 18,25,074 equity shares of Rs 10 each […]

Trent to launch 3 more Star Bazaars

Mumbai: Trent Hypermart, that operates Star Bazaar hypermarkets, plans to launch 3 more outlets by the end of 2012 at an investment of around Rs 30 crore. This will take the number of Star Bazaar outlets to 18. “We will invest about Rs 8-10 crore per outlet,” said Jamshed Daboo, CEO of Trent Hypermart. He, […]

Retail stocks flare up on renewed FDI hopes

Shares of retail companies such as Shoppers Stop, Trent, Pantaloon India and Provogue rallied on Thursday in an otherwise muted session, after media reports indicated that the Government was likely to revive an order allowing foreign investors to own majority stakes in local supermarkets and department stores after July 19 presidential elections. In December 2011, […]

Trent goes full steam on expansion

Tata-run retailer Trent Ltd, often criticised for being ultra-conservative in expansion of stores, is going off the beaten track. The new strategy: launch an aggressive expansion drive, while simultaneously rationalising costs. The retailer, which rolled out around 60 stores in the first 13 years of operations, is planning to add 24 more Westside departmental stores, […]

Premji fund buys 5% in Trent

Premji fund buys 5% in Trentmydigitalfc.com   Azim Premji, the billionaire chairman of Wipro, is once again turning his attention to the retail sector. His investment fund, PremjiInvest, has bought nearly half the shares on offer in the recently concluded qualified institutional placement (QIP) of the Tata group’s listed retailer Trent. PremjiInvest has invested Rs […]