Zara’s ₹3 crore a month rent in 119-year-old Mumbai building stuns internet as it shuts store: ‘Are you kidding me?’
The clothing company was paying ₹3 crore in monthly rent. Reportedly, Zara leased the property for 21 years in 2016 for a monthly payment of ₹2.25 crore. The rent for the initial five months was free.
Hindustan Times20d
The iconic store in Mumbai, which opened in 2017, was Zara's sixth in Mumbai and 20th in India.
Spanish fashion brand Zara has closed its iconic SoBo store in South Mumbai's Fort area after eight years. A notice posted in front of the store went viral on social media. The clothing company ...