Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
In a project led by art director Fabien Baron, the Inditex-owned label is honouring the most iconic pictures lensed by the German photographer with a limited-edition collection whose proceeds will go to the Franca Fund.
As flagships go, Zara’s tend to be really big. And the Inditex star brand’s latest is no exception. The new store in the St David’s mall in Cardiff, which opened this week, measures 36,500 square feet.
Inditex, owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review.
The Spanish apparel group’s president insisted the business model is “solid” and said he is confident about the group’s recovery. If all Inditex stores will re-open in April, 2021 sales will be on par with 2019.