Zara Holding news and archive

Brand ownership issues may not hamper IKEA entry

While the Foreign Investment Promotion Board (FIPB) rejected Spanish fashion chain Zara’s proposal citing brand ownership issues, the same might not happen to Swedish chain IKEA, though the furniture giant has an investor company different from the brand owner. The Zara proposal was rejected by FIPB, a key wing in the finance ministry that vets...

Apparel

DIPP to rework on rules of FDI in retail

After the foreign investment promotion board rejected a proposal by Zara Holding, to retail the luxury brand Massimo Dutti citing brand ownership issues, the Department of Industrial Policy and Promotion (DIPP) has decided to rework the current rules that are becoming a hurdle to global brands interested in investing in the India. The ministry...