ICICI Securities Ltd | Retail Equity Research We recently met the management of Trent Ltd (Trent) to understand its business model and its future course of action. Trent's retail core business comprises West side and Landmark while it has JVs with Tesco and Inditex for Star Bazaar and Zara, respectively. Westside offers inhouse branded fashion apparels spread across 53 cities with 86 stores. Star Bazaar is Trent's hypermarket joint venture with British grocery & general merchandise retailer Tesco, which currently holds 50% in the JV. As on FY15, there are 18 Star Banner stores. Trent also has a JV with one...