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Spanish Giant Inditex Purchases 22% Remaining Shares Of German Zara

2010/8/16 16:21:00 61

Spain

  

Spain

The giant Inditex announced that it had acquired the remaining 22% of German Zara.

This company is a subcontractor of the brand in Germany, previously owned by Otto group.

Inditex also consider opening others in Germany.

brand

Zara -2010 autumn


In 1999, the group entered the German market with Massimo Dutti and Zara brands.

Up to now, there are 72 franchised stores in more than 40 places, including 64 Zara concept stores.


The successful takeover may lead the Spanish group to introduce other brands to Germany, the largest in Europe.

consumer market

Bershka, Pull and Bear, Stradivarius, Oysho or Uterq u E are likely to test the water into the German market.


Inditex group's net profit reached 1 billion 310 million euros last year.

Compared with 2008, an increase of 5% exceeded market expectations.

Annual sales volume also exceeded 11 billion euro mark.


Supplement:


LV design director Marc Jacobs personal independent brand President Robert Duffy on Twitter said that the brand plan launched the "big code" women's clothing series, but he still quite disgusted with this wording.


Robert Duffy said, "we are negotiating now.

We have discussed big codes recently.

He said he was disgusted with this appellation.

He himself is also a big yard, and often finds it difficult to find the right clothes.

"Of course, I can customize clothes.

But when I feel the same, I understand how you feel.


Therefore, the Marc Jacobs brand is likely to launch more than 42 yards of clothing in the future.

But we need to wait a few more seasons.

Robert Duffy stressed, "we are just beginning negotiations with a partner about big size costumes.

This will not increase in the existing series.

I have been involved in the whole project. It will take me a year. "


The news released by President Marc Jacobs on Twitter reflects how much we expect from this project.

But in the face of many customers who wish to have large size clothing, the brand is refusing to comment on this.

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