Search results
Results From The WOW.Com Content Network
In 2022, the company moved its headquarters from China to Singapore for regulatory, international expansion, and financial reasons – while keeping its supply chains and warehouses in China. [8] In 2023, Shein generated US$32 billion in revenue, with about US$50 billion forecasted for 2024 – nearly as much as established retailers Zara and H ...
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 ...
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'.
The trend forged by European retail giants, such as Zara and H&M, has been increasingly dominated in recent years by Shein, now headquartered in Singapore, whose target revenue for the year ...
The company said that she will serve as a proprietary director, which means she will be acting in representation of her ownership interest. Pabl Oscar Garcia Maceiras Named CEO of Inditex, Marta ...
The world’s largest fashion group revealed that earnings increased by a fifth to 8.6 billion euros (£7.6 billion) in 2022.
For a brief period of time in 2015, he was the richest man in the world, surpassing Bill Gates when his net worth peaked to $80 billion as Zara's parent company, Inditex's, stock peaked. [3] He is the head of the Ortega family, and the second wealthiest retailer in the world. [4] [5]
Full-year sales jumped 17.5 percent in 2022 to 32.6 billion euros, despite inflation.