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Stradivarius was developed in 1994 by the Catalan Triquell family with an innovative concept for fashion in Barcelona, Spain. In 1999, Inditex purchased 90% of Stradivarius shares for €108 million and the remaining 10% in 2005, keeping Jordi Triquell, son of the founder, Francisco Triquell, as director. [3]
As of 2019, Inditex is the biggest fashion retailer in the world by revenue. [ 34 ] The company's revenue fell by 18% to $1.85 billion in the final quarter of 2020, primarily due to the fall in retail sales as a result of the coronavirus pandemic .
Inditex warned that costs may rise from rerouting ships due to Houthi rebels' attacks as it makes a killing in its retail business.
It is part of the Spanish Inditex group (which also owns brands such as Zara, Massimo Dutti, Pull&Bear, Oysho, Uterqüe, Stradivarius and Zara Home). [2] The company was created in April 1998 as a new store and 'fast-fashion' concept, aimed at a young target market. As of January 2022, Bershka has over 852 stores in 74 countries.
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New product lines introduced in stores have diversified the range of products available in Pull&Bear outlets. These new lines include; music, technology, video games and video images mixed in with clothing. Pull&Bear introduced the "XDYE" line in 1998, a more sporty and hi-tech line of clothes linked to the icons of 21st-century youth culture.
Apranga Group is a clothing retail chain in Lithuania and the Baltic states. [4] [5] Apranga group consists of the main company APB "Apranga" and 18 subsidiary companies. [6] Aprangas Group manages a network of 166 stores in the Baltic countries. [7] It runs stores under various brands, often under franchise agreements, including: