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The Noel Tata interview: Why Trent boss thinks selling apparel online is hard
Livemint
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11m ago
Medial
The Tata Group's retail subsidiary, Trent Ltd, is experiencing rapid growth in its apparel retail chains, Westside and Zudio. The company, chaired by Noel Tata, has seen increased profitability and market capitalization, with plans to further expand its grocery retail vertical, Star Bazaar. Trent's success is attributed to its focus on customer proposition and service, as well as its expertise in developing private label brands. Despite challenges faced during the COVID-19 pandemic, Trent has continued to invest in new properties and remains committed to organic growth rather than acquisitions. The company aims to tap into the potential of India's retail market and is optimistic about its future prospects.
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Tata Trusts meeting today: Decision about successor on agenda, Noel Tata most likely heir to Ratan Tata, say reports | Mint
Livemint
·
10m ago
Medial
- Noel Tata is emerging as the front-runner to be the successor of Ratan Tata in the Tata Group. - The Tata Trusts meeting will discuss the succession plans of the $165 billion empire. - Ratan Tata's half-brother Noel Tata is the likely choice for the successor position, according to sources. - Mehli Mistry may be appointed as a Permanent Trustee on the Tata board. - Noel Tata is the chairman of Trent, the group's apparel retailer, and has been successful in expanding the company's store count and workforce. - Noel Tata has held executive positions in several Tata companies, including Titan Company and Tata Steel, and is a trustee on the Sir Dorabjee and Sir Ratan Tata Trusts.
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Who is Noel Tata? Meet Ratan Tata’s half-brother—the dominant frontrunner to helm Tata Trusts | Mint
Livemint
·
10m ago
Medial
- Ratan Tata, patriarch of the Tata Group, passed away, leaving the conglomerate with the task of selecting his successor. - Tata Trusts, which owns a majority stake in Tata Sons, the holding company of the Tata Group, controls the conglomerate. - The final rites of Ratan Tata were conducted with full state honors, with the presence of family members and top Tata Group executives. - Noel Tata, Ratan Tata's half-brother, is the frontrunner to succeed him and has been a key figure in the governance of the trusts. - Noel Tata has been chairman of Trent Ltd, a successful apparel retailer under the Tata Group, and has held various positions within the group. - Noel Tata's children are also trustees of some family-linked charities associated with Tata Trusts.
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Noel Tata to succeed Ratan Tata, unanimously appointed Chairman of Tata Trusts
Internet
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10m ago
Medial
- Noel Tata has been unanimously appointed as the Chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away on October 9, 2024. The decision was made during a board meeting in Mumbai. - Tata Trusts holds a controlling 66% stake in Tata Sons, making its leadership crucial for the governance of the Tata Group. The board's decision aligns with Ratan Tata's philosophy of ensuring continuity in leadership. - With over 40 years in the Tata Group, Noel Tata has served in various capacities, including Managing Director of Trent, where he significantly expanded the company's retail presence. - Unlike Ratan Tata's public-facing approach, Noel is known for his calm, understated leadership, focusing on steady business growth and long-term vision. - Noel Tata graduated from Sussex University and completed the International Executive Programme at INSEAD. His extensive experience and strong family ties to the Tata Group position him well for his new role.
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Trent could grow 10-times its current size, Noel Tata says
Livemint
·
11m ago
Medial
Noel Tata, Chairman of Trent Ltd, believes that the company has the potential to grow "ten times" its current size. Although he did not provide a specific timeline for this growth, he expressed optimism about the company's future. Investor interest has driven Trent's stock to a 52-week high, with a market capitalization of over ₹2.40 trillion. Trent's successful apparel store, Zudio, has contributed to its impressive financial performance, with revenue increasing by 54.2% in the last year. Additionally, Trent's grocery retail vertical, Star Bazaar, is breaking even and will be expanded to drive further growth.
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Noel Tata named new Tata Trusts chairman - Here are 5 lesser-known facts about him | Mint
Livemint
·
10m ago
Medial
- Noel Tata has been appointed as the chairman of Tata Trusts, the charitable division of Tata Group. - He is the son of Naval H. Tata and Simone N. Tata. - Noel Tata is currently a trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. - Ratan Tata, Noel Tata's half-brother, passed away recently, leading to the appointment of Noel Tata as the chair of Tata Sons. - Noel Tata has been associated with the Tata Group for over four decades and holds various board positions within the group. - He possesses Irish citizenship and has strong roots in India.
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How Tata Sons AGM has changed after Ratan Tata's passing
Livemint
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22h ago
Medial
After Ratan Tata’s passing, Noel Tata took over as the chair of Tata Trusts, leading to notable changes in the Tata Sons annual general meetings (AGMs). Previously, Ratan Tata was the sole Trusts representative at these meetings. Now, the AGMs feature six representatives from Tata Trusts, including Noel Tata's three children. The upcoming AGM will be attended by Noel Tata, who is also the largest individual shareholder of Tata Sons, marking a shift in representation.
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Noel Tata joins board of Tata Sons
VCCircle
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9m ago
Medial
Noel Tata, the half-brother of late Indian tycoon Ratan Tata, has recently been appointed to the board of Tata Sons, the conglomerate that operates under the Tata group. This comes after his appointment as the chairman of Tata Trusts, the philanthropic arm of the group. Tata Trusts owns a significant stake in Tata Sons and appoints several directors to its board, granting them veto powers. Noel Tata's addition to the board is seen as a significant move within the company.
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How Tata Trusts are navigating life after Ratan Tata
Livemint
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9m ago
Medial
Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which together own over half of the shares of Tata Sons, have made their trustees permanent members. This decision ends the previous practice of appointing them for fixed terms. In addition, naming of Noel Tata as the third executive on the board of Tata Sons was approved. The board's resolution is expected to be approved at the next meeting of Tata Sons. This move marks a significant change in the governance structure of the Tata Group conglomerate.
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Tata group shares rally surge on prospects of Tata Sons’ IPO value unlocking
Thehindubusinessline
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1y ago
Medial
Shares of Tata group companies surged with many hitting 52-week highs amid reports of holding company Tata Sons planning an IPO next year valuing it at around $8 trillion. Tata Chemicals, Rallis India, Tata Power, Tata Investment Corp, and Tata Technologies were among the biggest gainers. Tata Motors, Tata Steel, Tata Consumer Products, Indian Hotels, and Trent also closed higher. The market sees the potential IPO as a great opportunity, and the value unlocking from listing Tata Sons is driving the rally. The recent demerger announcement in Tata Motors is also expected to encourage corporate actions in group companies.
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Dopplr raises $750K from Cornerstone Ventures
Entrackr
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11m ago
Medial
Dopplr, a provider of virtual try-on solutions for apparel brands selling online, has raised $750,000 in funding led by Cornerstone Ventures , with participation from U.S-based BAT VC. The proceeds will be used to ramp up Dopplr’s operations across a wider range of apparel categories, including sportswear, lifestyle, and innerwear brands. Founded in 2020, Dopplr’s innovative virtual try-on technology empowers online apparel brands to offer a photorealistic 3D experience for their customers. It allows shoppers to create digital twins, determine their ideal size for each product, and visualise how the clothes would appear on their own bodies. This personalised approach also generates valuable behaviour data that captures detailed customer shopping habits online. Using this data, Dopplr empowers brands to make informed decisions and personalise the shopping experience for their customers.
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