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Inditex's stocks fell by 12% over the year. [35] In May 2021, Inditex said that all its stores in Venezuela would close as it will review its agreement with its local partner Phoenix World Trade. [36] In the three months to 30 April 2023, the group reported a 13% increase in sales to £6.54 billion and a 14% rise in profit to £3.96 billion ...
LONDON — Inditex is supersizing its business as sales gather momentum post-Omicron, and consumer confidence returns despite rising retail prices. The Spanish fast-fashion giant, parent of brands ...
Zara was established by Amancio Ortega Gaona in 1975. Their first shop was in central A Coruña, in Galicia, Spain, where the company is still based.They initially called it 'Zorba' after the classic 1964 film Zorba the Greek, but after learning there was a bar with the same name two blocks away, rearranged the letters to read 'Zara'.
The group's new CEO Oscar Garcia Maceiras said the third quarter and nine month results are the fruit of an integrated business model that fuses online and physical retail.
Inditex: Apparel/Footwear specialty 23,431 5.4%: Arteixo Spain: 46 Ceconomy: Electronics specialty 23,310 -1.0%: Düsseldorf Germany: 47 Wm Morrison Supermarkets: Supermarket 22,640 0.5%: Bradford United Kingdom: 48 Wesfarmers: Department store/Home improvement 22,215 7.0%: Perth Australia: 49 Jerónimo Martins: Discount store 21,988 1.7% ...
PARIS — Zara owner Inditex is ramping up its sustainability initiatives, moving forward its zero net emissions ambition to 2040, instead of 2050 previously. At its annual general meeting Tuesday ...
He is the founder and former chairman of Inditex fashion group, best known for its chains of Zara and Bershka clothing and accessories shops. He is considered a pioneer in fast fashion . [ 1 ] As of September 2024, Ortega had a net worth of $134.3 billion, making him the second-wealthiest person in Europe after Bernard Arnault and the 11th ...
It is part of the Spanish Inditex group (which also owns brands such as Zara, Massimo Dutti, Pull&Bear, Oysho, Uterqüe, Stradivarius and Zara Home). [2] The company was created in April 1998 as a new store and 'fast-fashion' concept, aimed at a young target market. As of January 2022, Bershka has over 852 stores in 74 countries.