Zara closes flagship Mumbai store 8 years after its inception despite spending Rs 35 crores in renovation; here's why

Mumbai's fashion scene has lost a key landmark as the Zara store at Flora Fountain closed on February 23 due to economic unfeasibility. The five-story store, opened in 2017, was a significant retail player. Zara's presence in Mumbai now includes five outlets in major shopping malls, with an increasing focus on digital channels.