26/2/2025, 12:30:07 pm

Zara shuts iconic Mumbai store with Rs 7.5 lakh daily rent after 8 years

Zara has closed its five-story flagship store in Mumbai's Hutatma Chowk after nearly eight years. High rent of ₹2.25 crore/month reportedly exceeded sales. The store, opened in 2017 as Zara's largest in India, was part of a joint venture with Tata's Trent. Purple Style Labs has leased the space for ₹36 crore/year to retail luxury brands.