Zara

Mango began to increase its presence in India and opened a flagship store in New York in May, one of nine new shops opened in the United States last year and of 119 outlets in all its markets

Zara owner Inditex has reached an agreement to sell its Russian business to a Lebanese retail and real estate conglomerate, the Spanish fashion giant said on Tuesday in a statement to the country's competition authorities. The buyer is Daher Group and the potential purchase is pending approval from Russian authorities, Inditex said, without disclosing financial details. Inditex halted its business in Russia on March 5, shortly after Russian President Vladimir Putin ordered the invasion of Ukraine at the end of February. Following other western brands, the fashion retailer closed its 502 shops and stopped online sales. Tuesday's announcement marks the end of Inditex's business in Russia, although the retailer said it would consider returning through a franchise collaboration with Daher if market circumstances changed. The statement to CNMC, the commission that oversees competition in Spain, made no direct reference to the war in Ukraine. The sale agreement includes the transfer of

Zara is moving into the business of pre-owned clothing as the Spanish brand starts offering services for repair, resale and donations in the UK

The company plans to ramp up the store presence across key markets over the coming months

In FY21, Inditex Trent Retail India Private Ltd (ITRIPL), a JV which is engaged in the operation of Zara stores in India, had reported a net loss of Rs 41 crore and its revenue fell 28.3 per cent

Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said Wednesday

The 38-year-old will also remain involved in managing fashion merchandise at Zara, the business that generates 70% of Inditex's revenues

H&M earlier this month temporarily closed its stores in Russia, which last quarter accounted for 4% of group sales

H&M said sales in local currencies matched pre-pandemic levels from September through November

The daughter of the founder of Spanish clothing company Inditex, which owns Zara, Massimo Dutti and other fashion chains, has been named as the company's next chairperson, the company said Tuesday.

Spain's Inditex, which owns luxury fashion brand Zara, posted a loss of Rs 41 crore in India for the financial year ended March 31, 2021.

Spain's Inditex SA is responding to shift from physical stores to online sales by teaming up with Facebook and Instagram to develop "Pacific Game" to attract younger buyers to its Pull & Bear brand

The brand had a wider presence and gathered enough attention of local consumers to become a household name.

The fast-fashion player is encroaching on the territory of more established rivals like Zara and H&M

Inditex reiterated a commitment to ensuring health and safety standards were met and collective bargaining rights and workers' rights to unionise maintained throughout its supply chains

The company posted 9.24 per cent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal

Ortega, Spain's richest man, has diversified his fashion fortune to preserve his sizable wealth, investing more than $3 billion in US real estate in recent years.

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With RIL's market capitalisation crossing the Rs 11-trillion mark on Friday, its chairman and managing director Mukesh Ambani became the ninth-richest billionaire globally

From Zara's first ever loss to China 'angrily' rejecting study tracing Covid-19 origins to last summer, and the slowing of new infection rate in the US - read these and more in today's world dispatch

With speedier turnaround of its collections and a strong digital discovery and delivery system in place, the retail brand is fighting to stay ahead of the race