Noel Tata appointed as next chairman of Trent
Noel Naval Tata on 31 March 2014 appointed as the chairman of retail arm Trent.
Noel Naval Tata on 31 March 2014 appointed as the chairman of retail arm Trent. He succeeded F K Kavarana. Kavarana announced his retirement from the Tata group after turning 70 in March 2014.
Noel was the managing director of Trent from 1999. In 2010, he was promoted to the vice Chairman. The company’s consolidated turnover rose from 8 crore rupees in 1999 to 1932 crore rupees in 2013.
Noel had built Trent into 1000 crore rupees company and launched a slew of brands in India such as Sisley and Zara. Trent is launching global brands from Tata International, the export and trading arm of the group.
Trent, the retail company was created by Simone Tata in 1993 after selling off the cosmetics business Lakme to Hindustan Unilever. Simone Tata is the mother of Noel Tata.
Trent was the first to introduce private labels through Westside in the country. Recently, Trent signed on British retailer Tesco as its equity partner in Star Bazaar.