Zara

Mango's sales hit record $2.8 bn sales as Zara's rival expands in US, India

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 to transfer Russian business to Lebanese retail

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 enters pre-owned clothing biz, offers repair, resale & donation svces

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

Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango

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

Zara's India revenue in FY22 rises to Rs 1,815 cr; profit at Rs 148.76 cr

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

Inditex's profitability hits 10-yr high on Zara price hikes; stock up 4.8%

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

Marta Ortega: More than a chairperson - founder's daughter takes Zara helm

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 sales soar but shares slip on concern about Ukraine war impact

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

Zara owner Inditex, rival H&M bounce back from pandemic blues

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

Founder's daughter named chair of Spanish fashion giant Inditex

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.

Zara India posts full-year loss of Rs 41 crore; revenue down 28%

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.

Here's how Facebook helps Zara owner sell clothes using video games

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

H&M beats rival Zara; diversifies its portfolio, presence in India

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

China's turbo-charged online fashion site Shein takes on Zara and H&M

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

Zara owner Inditex says will ensure payments, safety of supply chain

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

Zara FY20 profit rises 45.5% to Rs 104 cr, revenue up 9.2% to Rs 1,570 cr

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

Zara founder Amancio Ortega unveils $17.2 billion global real estate empire

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.

In pics: Mukesh Ambani 9th among top-10 richest men. Who are the others?

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

World coronavirus dispatch: Aviation sector stares at worst year in history

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

AB Fashion changes style as Zara, H&M strengthen grip in Indian market

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