Inditex news and archive

Inditex launches venture capital for tech and sustainable startups

Spanish fashion giant Inditex has announced the launch of a new venture capital as part of efforts to finance textile innovations and advance its own sustainability goals. The Zara parent company has assigned the management of the investment mechanism to venture capital firm Mundi Ventures, which is currently overseen by its founder Javier...

People

Inditex UK and Ireland MD reportedly exits, successor named

The managing director of the UK and Ireland division of Spanish retail giant Inditex is believed to have stepped down, with a successor already reportedly named. Max Nutz is understood to have exited his role after serving for 25 years at the company, Retail Week reported. He is to be succeeded by the group’s current MD of Australia and New...

Retail

Zara to offer second hand clothes in U.S. market

Inditex's flagship brand Zara is set to launch its Pre-Owned platform in the United States by late October, as revealed in the company's half-year earnings report. This initiative, which allows customers to sell, donate, or repair secondhand clothing, aligns with a broader industry trend towards circular fashion models. The expansion comes...

BusinessFeatured

Zara-owner Inditex posts sales and profit growth

In the first half period, Inditex recorded sales growth of 7.2 percent to reach 18.1 billion euros, showing a positive development both in stores and online. Sales were positive across all concepts. Sales in constant currency grew by 10.2 percent. Commenting on the first half trading Óscar García Maceiras, Inditex CEO said in a statement: “The...

Business

Inditex set to bring Bershka to India this November

Inditex-owned Bershka is believed to be close to debuting in the Indian market following the success of its sister brands Zara and Massimo Dutti in the region. A source for India Retailing told the industry publication that the brand’s first store is scheduled to open November 1 within the Phoenix Palladium mall in Mumbai. While the media outlet...

Business

Inditex joins Canopy's ‘Pack4Good’ initiative

Fashion retail group Inditex, which owns Zara, Berksha, Pull & Bear, Massimo Dutti, Stradivarius, Oysho, and Zara Home, has joined environmental organisation Canopy’s ‘Pack4Good’ initiative to keep vital forests out of paper packaging. Javier Losada, chief sustainability officer at Inditex, said in a statement: "Inditex has worked hard to keep...

Fashion |Opinion Featured

With 61.8m Zara items on sale at Vinted, is circular fashion in trouble?

The substantial presence of 61.8 million Zara garments on Vinted, the popular online secondhand marketplace, presents a complex picture of consumer behaviour, fast fashion, and sustainability efforts in the retail sector. Similarly, the platform lists 59.7 million H&M items, 21.8 million Shein pieces, 21 million Primark items and 10.2 million...

People

Inditex appoints Lucian Dorobantu as CEO of Pull & Bear

Spanish clothing group Inditex announced on Wednesday a change in management at its Pull & Bear brand. José Pablo de Bado Rivas, the previous director of Pull & Bear, has decided to leave the company after more than 30 years, Inditex revealed. The group, which also owns the retail chains Zara, Bershka, Massimo Dutti and Stradivarius, thanked the...

BusinessFeatured

Zara owner Inditex records sales and profit growth

In the first quarter of 2024, Zara owner Inditex reported sales growth of 7.1 percent to reach 8.2 billion euros, while sales in constant currency grew 10.6 percent. Gross profit for the quarter increased 7.3 percent to 4.9 billion euros and gross margin reached 60.6 percent, up 13 bps. EBITDA increased 8 percent to 2.4 billion euros and EBIT...

Retail

JD.com partners with Inditex and launches Massimo Dutti store

E-commerce giant JD.com and China’s largest retailer has announced a strategic partnership with Spanish fashion retail group Inditex, home to brands including Zara, Massimo Dutti, and Oysho. The partnership launches with a new flagship store for fashion brand Massimo Dutti on JD.com's marketplace, as part of Inditex’s broader efforts to cater to...

Fashion Featured

Pull&Bear announced as principal sponsor of BFC Newgen

The British Fashion Council (BFC) has announced Inditex-owned Pull&Bear as the Principal Partner for its Newgen initiative, which supports emerging fashion designers through financial aid, showcasing opportunities, and mentorship. The collaboration, initially set for 12 months, aims to nurture the next generation of global, responsible fashion...

Business

Inditex strengthens South American market with Zara store in Venezuela

Inditex has made a re-entry into the Venezuelan retail sector with the inauguration of a new Zara store. This move, achieved through a franchise agreement with local partner Grupo Futura, signifies a strong vote of confidence in the country's retail sector following a three-year hiatus and multiple store closures. The Spanish fast fashion giant...