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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.
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'.
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 ...
Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing. [21] In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line. [22] In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion. [23]
In 2009, Trent and Inditex established a 49:51 joint venture to run Zara stores in India. [13] [14] Two years later, the two companies entered a similar agreement to open Massimo Dutti stores in India. [15] In 2014, Tesco acquired a 50% stake in Star Bazaar for £85 million and became a joint venture partner.
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 ...
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.
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% ...