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Zara owner Inditex's strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with ...
Fashion brand Zara's owner Inditex said on Wednesday it plans to hike prices again this autumn, as one of the world's top clothes retailers tries to offset soaring costs despite worries demand ...
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]
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'.
In 1985, Industria de Diseño Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants. [16] In 1988, the company began expanding internationally with the opening of a Zara store in Porto, Portugal. [17] In 1990, the company-owned footwear collection, Tempe, populated in the children's section of Zara stores ...
Department stores in Korea were opened in Seoul, Busan and Pyongyang around 1930, primarily with Japanese capital when the country was under Japanese rule. [ 8 ] [ 5 ] The first was the Hwasin Department Store, founded by Park Heung-sik in 1931.
Lie graduated from the Seoul Institute of the Arts and made his debut as a fashion designer in 1983 when he won a prize in the Central Design Contest. In 1993, he gained attention from the Korean fashion community by presenting his first collection, 'The Reincarnation', at Seoul Fashion Week. He was later nominated as "Best Designer of the Year ...
Seoul has three central business districts; the Downtown Seoul(CBD), Gangnam(GBD), and Yeouido(YBD). [12] The Downtown Seoul, which has 600 hundred years of history as unparalleled business district in entire Korea, is now a densely concentrated area around Gwanghwamun and Cheonggyecheon with headquarters of major companies, foreign financial institutions, largest news agencies and law firms.