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The Latest Breaking News from Inditex

India’s Reliance Launches First In-house Premium Fashion Store

Reliance Industries Ltd's (RELI.NS) retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India's luxury market. The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with…

Asharq Al-Awsat

H&M Sales Miss as Retailer Struggles to Compete with Zara

H&M reported on Thursday lower-than-expected quarterly sales as shoppers tighten their belts with energy and food bills soaring and the world's second-biggest fashion retailer struggles to compete with rival Zara. Third-quarter net sales at the Swedish group were up 3% from a year earlier at 57.5 billion crowns ($5.4 billion),…

Asharq Al-Awsat

Zara’s owner reports surging sales despite cost of living pressures

Europe’s largest clothing retailer Inditex said its profit for the six months to July soared by 41%

The Guardian - UK

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Zara Owner Inditex’s First-Half Sales Surge Ahead of Potential Slowdown

Fashion brand Zara's owner Inditex said on Wednesday that profit for the six months to July jumped by 41% and sales rose by around a quarter, putting it on a strong footing ahead of second half likely to see rampant inflation hitting demand for clothing. In the first set of…

Asharq Al-Awsat

From Fashion to Films - Ex-Zara Boss Isla Starts Production Company

Former chief executive of textile giant Inditex, Pablo Isla, has started his own film production company, saying in a statement on Friday that he hoped to use his "deep passion for film" and business experience to advance Spain's movie industry. Isla stepped down from the owner of the global fashion…

Asharq Al-Awsat

Massive queues in Moscow as shoppers take last chance to shop at H&M

Retailer halted operations in Russia after invasion of Ukraine but has reopened for limited time to sell remaining stock

The Guardian - UK

‘Brexit to blame’: UK shoppers pay up to 50% more than those in EU

From Zara to Ikea and Decathlon, stores charge more for same items, Guardian Money research finds

The Guardian - UK

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Chris Xu: Who is Shein’s mysterious billionaire founder?

Very little is known about China’s king of fast fashion who has rapidly become one its richest men

The Guardian - UK

Russia’s Wildberries Selling Zara Clothes Online despite Inditex Halting Operations

Russian e-commerce leader Wildberries is still selling clothes from Inditex brands that have suspended operations in the country, including the Spanish group's main Zara label. The TASS news agency reported on Tuesday that Zara items were being sold on Wildberries, which the Russian company confirmed. Inditex is one of many…

Asharq Al-Awsat

Zara owner’s sales jump by 36% as shoppers return to high streets

Inditex experiences ‘significant rebound in traffic’ to stores that offsets 6% decline online

The Guardian - UK

Zara Owner Inditex’s Quarterly Profit Jumps 80% on Post-COVID Wardrobe Renewals

Fashion giant Zara's owner Inditex reported on Wednesday its net profit in the February-April period jumped 80% to 760 million euros ($812.06 million), in line with analysts' expectations as sales surpassed pre-pandemic levels. Sales at the world's largest fast fashion retailer reached 6.7 billion euros, 36% more than a year…

Asharq Al-Awsat

Zara Owner Inditex Set to Benefit from Higher Prices

Fashion giant Zara's owner Inditex is expected to report bumper first-quarter earnings next week, benefiting from raising prices more than rivals without damaging its sales, analysts said. As a cost of living crisis intensifies across the region, Europe's retailers are facing a tricky balancing act between passing on rising supply…

Asharq Al-Awsat

Spanish billionaire and Zara founder buys £200m Glasgow building

Armancio Ortega, Spain's wealthiest man and founder of Inditex fashion brand, procured the development through Pontegadea - Oretga's real estate agency.

Daily Record

Glasgow building bought by Zara owner and Spain's richest man for £200m

Spanish businessman Amancio Ortega, the billionaire behind the Inditex fashion brand, made the purchase of the Bothwell Street building through his real estate agency Pontegadea.

Glasgow Live

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Asharq Al-Awsat

More than a Chairperson - Founder’s Daughter Takes Zara Helm

The daughter of Inditex's billionaire founder takes the helm of his Zara fashion empire on Friday with a more hands-on role than originally expected by outsiders, though a much lower salary than her veteran predecessor. Marta Ortega, Amancio Ortega's youngest child, will not only be non-executive chairperson, as announced in…

Daily Mirror

Zara shuts all 500 stores in Russia in protest over escalating war in Ukraine

Zara's parent company said it would be closing stores due to the full-scale Russian invasion of Ukraine, as well as its brands Bershka, Massino Duti and Pull & Bear

Asharq Al-Awsat

Zara Owner Inditex Halts Trading in Russia

Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday to the Spanish regulator. "In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily…

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