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Zara, the fashion retailer beloved by Catherine, Duchess of Cambridge, is shifting its focus to online shopping after a sales slump during the COVID-19 crisis. Inditex, the parent company of the ...
In 2022, about 1,000 shop assistants who work at Zara and other fashion brands owned by Inditex went on strike on Black Friday in the company's home town in northern Spain to demand better salaries. [89] Prior to a second strike, Inditex, Zara's parent company, has agreed to pay 322 euros more per month to shop assistants from 44 stores.
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 ...
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The world’s largest fashion group revealed that earnings increased by a fifth to 8.6 billion euros (£7.6 billion) in 2022. Zara parent firm Inditex posts jump in profit as shoppers return to stores
However, by 2012, the company shut down all Fashion Yatra stores and later terminated its Sisley agreement in an effort to shelve loss-making ventures. [12] 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 ...