Inditex is adding a new market and will be present in a total of 215 countries by the end of 2025, with the opening of its first stores in Iraq. This was announced by the chief executive officer of Zara's parent company, Óscar García Maceiras, coinciding with the presentation of the company's annual results recorded during its last full year of...
13 Mar 2025
Inditex’s largest shareholder, Amancio Ortega, is set to receive a record dividend payout of 3.1 billion euros this year, according to Bloomberg. As the owner of a fifty-nine percent stake in the retail giant, the Zara founder has benefitted from a nine percent increase in shareholder returns. While billion-dollar dividends remain a rarity in...
12 Mar 2025
Madrid – Spanish fashion multinational Inditex Group, parent company of chains such as Zara, Bershka and Massimo Dutti, presented its financial statements for its latest fiscal year of 2024 this morning. The year, which ended on January 31, 2025, saw the company, chaired by Marta Ortega, close with new “historic highs”, albeit with growth...
Disruptive British start-up Epoch Biodesign has announced the closing of a Series A financing round of 18.3 million dollars, with contribution from Spanish fashion giant Inditex. The new capital will be used to scale up the start-up’s current textile biorecycling solutions, with the construction of a first plant for commercial-scale production...
7 Mar 2025
Fashion chain Zara, which belongs to the Spanish fashion group Inditex, has started a collaboration with the British fashion designer Samuel Ross. This is not a one-off partnership, but rather an "ongoing, multi-part design dialogue," Zara said in a statement on Thursday. The collection, called SR_A (Samuel Ross Atelier), is a menswear capsule...
31 Jan 2025
Inditex-owned Zara has unveiled an upsized flagship store in Liverpool One. The 42,000 square foot space is a 55 percent increase of its former capacity, and will now house a larger selection of menswear, womenswear and childrenswear across its two floors. In a release, Liverpool One said the flagship places the “customer experience at the...
3 Jan 2025
From its position as the parent company of Zara, Zara Home, Massimo Dutti, Oysho, Lefties, Pull&Bear, Stradivarius, and Bershka, the Spanish giant Inditex continues to set the pace with its capacity for innovation and strategic expansion. FashionUnited analyses the key milestones, challenges, and movements that defined 2024 for the group,...
In the nine month period, Zara owner Inditex recorded sales growth of 7.1 percent to reach 27.4 billion euros. The Spanish group, who also owns other brands such as Massimo Dutti, Pull & Bear and Bershka reported gross profit increase of 7.2 percent to 16.3 billion euros, while gross margin reached 59.4 percent, up 4 bps. The company said in a...
11 Dec 2024
Recent reports by Reuters have accused Spanish fashion giant Inditex of increasing air freight shipments from its supplier factories in India to its logistics centres in Spain by as much as 70 percent. This increase in air freight, and its associated environmental impact, calls into question the company's ability to continue growing and...
22 Nov 2024
Inditex’s Massimo Dutti has made its return to the US with the opening of a new store in Aventura Mall, Florida. It builds on a wider strategy by the brand’s parent company to put an emphasis on the US, which serves as its second largest market. Massimo Dutti had initially entered the region 12 years ago with the opening of a location in New...
12 Nov 2024
Madrid - Inditex, H&M, Mango, Scalpers, Nude Project and many more fashion companies, both national and international, are expressing support and solidarity for the victims of last week's extreme weather in Spain. The storm devastated areas of Castilla-La Mancha and the southern part of metropolitan Valencia, where the clean-up continues as the...
4 Nov 2024
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...
11 Oct 2024