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In 2023, Canada Post spent $4.9 billion on labour costs against $6.9 billion in revenue, with operating costs per hour for parcel delivery ranging from $50 to $60 versus industry benchmarks of $40 to $50. [9] Unlike many Crown corporations, Canada Post is not taxpayer-funded and must sustain itself entirely on its own revenues. [10] [11]
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'.
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The most notable success story is Inditex which owns companies such as Zara and Bershka. Inditex is a large brand with a new worth of $17.2 billion. [21] Since its opening in 2007, it opened over 330 stores in China by 2019. [22] In particular, Zara is growing twice as fast as H&M due to its focus on value rather than price. [23]
It was founded as the Women's News, a monthly tabloid format newspaper, in 2002 by Greg and Sarah Thomson and was renamed the Women's Post in 2003. [4] In 2008, it relaunched in a glossy news magazine format which was published weekly. [2] [5] The first issue of the magazine was published on 1 August 2008. [2]
Le Château Inc. (French pronunciation: [lə ʃato]) is a fashion company, currently owned by Suzy's Inc.The chain was founded in 1959 in Montreal, Quebec, Canada and designed, imported, and retailed women's and men's apparel, accessories, and footwear. [3]
Amancio Ortega moved up a spot to number five, despite stepping down from Zara's top post during the year. [2] Ricardo Salinas Pliego was the greatest gainer in terms of dollars, adding $9.2 billion to his fortune and moving up to number 37 overall. Facebook's Mark Zuckerberg was also among the top gainers, adding $4 billion to his fortune.
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