In FY21, Inditex Trent Retail India Private Ltd (ITRIPL), a JV which is engaged in the operation of Zara stores in India, had reported a net loss of Rs 41 crore and its revenue fell 28.3 per cent
Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said Wednesday
The 38-year-old will also remain involved in managing fashion merchandise at Zara, the business that generates 70% of Inditex's revenues
H&M earlier this month temporarily closed its stores in Russia, which last quarter accounted for 4% of group sales
H&M said sales in local currencies matched pre-pandemic levels from September through November
The daughter of the founder of Spanish clothing company Inditex, which owns Zara, Massimo Dutti and other fashion chains, has been named as the company's next chairperson, the company said Tuesday.
Spain's Inditex, which owns luxury fashion brand Zara, posted a loss of Rs 41 crore in India for the financial year ended March 31, 2021.
Spain's Inditex SA is responding to shift from physical stores to online sales by teaming up with Facebook and Instagram to develop "Pacific Game" to attract younger buyers to its Pull & Bear brand
The brand had a wider presence and gathered enough attention of local consumers to become a household name.
The fast-fashion player is encroaching on the territory of more established rivals like Zara and H&M
Inditex reiterated a commitment to ensuring health and safety standards were met and collective bargaining rights and workers' rights to unionise maintained throughout its supply chains
The company posted 9.24 per cent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal
Ortega, Spain's richest man, has diversified his fashion fortune to preserve his sizable wealth, investing more than $3 billion in US real estate in recent years.
With RIL's market capitalisation crossing the Rs 11-trillion mark on Friday, its chairman and managing director Mukesh Ambani became the ninth-richest billionaire globally
From Zara's first ever loss to China 'angrily' rejecting study tracing Covid-19 origins to last summer, and the slowing of new infection rate in the US - read these and more in today's world dispatch
With speedier turnaround of its collections and a strong digital discovery and delivery system in place, the retail brand is fighting to stay ahead of the race
Earlier this year, fast fashion giant Zara announced that all its clothes would come from sustainable fabrics by 2025. H&M hopes to transition to 100% sustainable cotton by as early as next year
It starts with Zara's army of store managers, who communicate what's selling and what trends are emerging to the commercial team within Inditex's sprawling head office
Firm expands own brands a after decade managing Zara's stores
Inditex sells brands including Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterque across its network of almost 7,500 physical shops