Trent Limited is flagship fashion retail company of the Tata Group. Trent is fast scaling up its key fashion apparel brands viz Westside and Zudio. Apart from apparel Trent has been scaling up in new categories viz footwear and innerwear. Setting up of dedicated mass beauty stores and foray into lab grown diamonds would provide the next growth leg.
The salt-to-steel conglomerate mergers and acquisition team has been looking at possible partnerships in the bid to scaleup Tata Digital.
The speculation around the two companies joining hands has been flying around since the Elon Musk owned company announced that it will enter the Indian market.
Equity benchmarks extended losses in morning trade with the Nifty falling below the 8700 level due to profit booking.