New Delhi: Trent Ltd has pared its stakes in its joint ventures with Spanish fashion giant Inditex Group to operate the Zara and Massimo Dutti brands in India, even as Tata Group’s retail arm aggressively expands its own business.Trent has two JVs with Inditex: Inditex Trent Retail India Pvt. Ltd (ITRIPL) to run Zara stores; and Massimo Dutti India Pvt. Ltd (MDIPL) for the eponymous brand.Trent reduced its holding in ITRIPL from 49% to 34.94% by selling 1,40,000 equity shares through a buyback offer made by ITRIPL effective 30 August 2024, the Tata Group company said in its annual report for FY25 released on Thursday. Similarly, it cut its stake in MDIPL from 49% to 20% by selling 1,75,450 equity shares to Grupo Massimo Dutti, Spain, effective 25 March 2025.Read this | Trent’s 1,000% rally takes a breather. Can a Sensex rejig revive its fortunes?Zara currently operates 22 stores in 13 cities across India, while Massimo Dutti has just three.In FY25, Zara reported total income of ₹2,839.5 crore, up 2.26% over the previous year. Massimo Dutti reported ₹101.23 crore in revenue, marginally down from ₹101.79 crore in FY24Financial, not strategicTrent has consistently maintained that its Inditex partnerships are financial in nature and not long-term strategic bets.“Including in the context of brand ownership and the arrangements for merchandise supply (with the majority partner entirely controlling these core customer propositions and the terms thereto), the company views its related commitments as a financial investment,” the annual report said.These ventures are limited to product distribution in India, which affects the economic value attributable to them, it said.Read this | ‘Westside lessons helped Zudio; selling apparel online inefficient’The joint venture with Inditex was inked in 2009 to launch Zara in India. The original terms gave Inditex a 51% stake and Trent the remaining 49%.Notably, Inditex recently launched its third brand, Bershka, in India through a wholly owned entity—Bershka Retail India Pvt. Ltd—without any local partner. It has also set up Zara Home Retail India Pvt. Ltd as a 100% subsidiary.Inditex’s 2024 annual report stated that it holds call options on Trent’s remaining shareholding—35% in ITRIPL and 49% in MDIPL. Trent, in turn, holds put options to sell its stake to Industria de Diseño Textil S.A., with the strike price based on pre-defined terms.Focus shifts to Zudio and WestsideWhile scaling down its Inditex JVs, Trent continues to aggressively expand its own brands, especially Westside and value-fashion chain Zudio. Trent chair Noel Tata said the country’s second-largest retailer by market capitalisation remains on track to grow 10 times, citing the company’s differentiated model of selling own-branded products through exclusive stores.Tata, who in October last year took over as the chair of Tata Trusts, the philanthropic entities that control the Tata conglomerate, reaffirmed Trent’s focus on in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.