By Corina Pons and Virginia Furness A CORUNA, Spain/LONDON (Reuters) – In Spain’s A Coruna, two contrasting fashion business models collide – pitching the growing demands for the clothing industry …
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zara
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Financial News
Zara founder Ortega’s real estate assets worth $15.5 billion in 2021
by Reutersby ReutersMADRID – The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets’ market value rose by over …
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Financial News
Zara founder Ortega in talks to buy $500-million New York skyscraper
by Reutersby ReutersMADRID – Spanish billionaire and Zara founder Amancio Ortega is in talks to buy a 64-floor skyscraper in New York’s Financial District, his private firm Pontegadea said on Thursday. It …
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Financial News
Russia’s Wildberries selling Zara clothes online despite Inditex halting operations
by Reutersby Reuters(Reuters) – Russian e-commerce leader Wildberries is still selling clothes from Inditex brands that have suspended operations in the country, including the Spanish group’s main Zara label. The TASS news …
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By Corina Pons MADRID – Fashion giant Zara’s owner Inditex is expected to report bumper first-quarter earnings next week, benefiting from raising prices more than rivals without damaging its sales, …
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Featured NewsFinancial News
Zara owner Inditex closes Russian stores and online platform
by Reutersby ReutersMADRID -Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday. The Zara owner is …