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Fashion retailer Zara founder Amancio Ortega bought a 5% stake in Spanish gas grid operator Enagas's renewable and hydrogen unit Enagas Renovable, Enagas said on Wednesday.

Inditex is the largest fast-fashion company in the world. The company's revenue has been growing steadily over the past couple of years.

Global clothing retailer Inditex, parent company of Zara, saw “a significant rebound in traffic” to its stores around the world in the first quarter of fiscal 2022 from Feb. 1 through April 30, bu

Fashion giant Zara's owner Inditex reported on Wednesday its net profit in the February-April period jumped 80% to 760 million euros ($812.06 million), in line with analysts' expectations as sales sur

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, analysts said.

Industria de Diseño Textil, S.A. (IDEXY) CEO Oscar Garcia Maceiras on Q4 2021 Results - Earnings Call Transcript

Global clothing retailer Inditex, parent company of Zara, on Wednesday (March 16) in its 2021 full-year and fourth-quarter earnings presentation said it expects 30% of its revenue to come from online

Industria de Diseno Textil SA booked slower sales growth in the fiscal year's final quarter amid a Covid-19 outbreak, though it said earnings surged and performance has recovered strongly at the begin

Zara owner Inditex reported on Wednesday its net profit more than doubled in 2021 to 3.2 billion euros ($3.51 billion) after its sales almost recovered from the pandemic as many countries eased the re

A Preview Of The Crazy Week Ahead Here is just a sample of the events on deck this week: a Fed rate hike, a Russian default, a meeting between the US and China, even more sanctions against Russia, the first double-digit (10%) PPI print in decades, a big drop in retail sales, a freak surge in covid across China, oh and a $3.3 trillion notional option expiration on Friday and all happening with liquidity at record lows. Yes, this week will be insane. As DB''s Jim Reid summarizes what''s coming, it''s a big central bank week with the Fed the obvious focal point mid-week. The BoE and the BoJ also hold meetings, along with some of their emerging markets counterparts. We''ll also see CPI for Japan and Canada and a number of housing market statistics in the US and China. Earnings will include Volkswagen, FedEx and Enel, among others. Wednesday will also be a landmark day even outside of the Fed as this is the date that two Russian Eurobonds have coupon payments. These are small (c.$120bn out of c.$1.75bn of annual hard currency coupons) but will be hugely symbolic.

As Russia’s invasion of Ukraine continues to disrupt global markets markets, more big companies are frowning on Russia’s show of power and are taking action to show solidarity with Ukraine by exiting the world’s largest country one after the other across different sectors. About two weeks after the invasion started, at least 40 companies have left Russia or stopped the sale of their products and services in the county in no particular order. Manufacturing Car and truck makers such as General Motors Company, Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, Harley-Davidson, Mercedes Benz, and Volkswagen, announced they would halt shipments to Russia or shut down assembling plants in the country. Volvo and Daimler Truck Holding AG also suspended business activities in the country. “We clearly stand for peaceful global cooperation and categorically reject any form of military force; we have decided to suspend our business activities in Russia with immediate effect until further notice,” Daimler tweeted via its official handle.

Fashion giant Inditex, which owns Zara, has halted trading in Russia, closing its 502 shops and stopping online sales in the country. The post Zara closes 500 Russian stores and luxury retailers shut up shop in country appeared first on Retail Gazette .

The ready-to-wear maker Inditex, which owns Zara, said on March 5 it will temporarily close its shops and online sale services to Russia. This move comes as a result of the Russian military offensive on Ukraine, which resulted in significant destruction, a refuge crisis, and several fatalities. The fashion company is temporarily suspending its activity across its 506 shops in Russia, among them 86 Zara shops, according to the company. Inditex is a Spanish group specializing in the manufacturing and distribution of ready-to-wear fashion garments with over 7,000 shops worldwide, and owns several brands, including Pull and Bear, Stradivarius, and Bershka. Recently, Spanish Fashion ready-to-wear brand Mango also announced that it will temporarily shut down its shops, and its online sale services to Russia. The post Fashion ready-to-wear giant Inditex temporarily closes Zara shops in Russia appeared first on HESPRESS English - Morocco’s leading digital media .

Inditex falls in line with other big western brands following the invasion of Ukraine and the imposition of economic sanctions

FRANKFURT, Germany: The German sports company Puma said Saturday (Sunday in Manila) it would temporarily shutter its shops in Russia, following other retailers and businesses in suspending their operations after the invasion of Ukraine. The outfitter, based in Herzogenaurach in Germany, said in a statement it had "decided to suspend operations of all its stores in Russia," after a similar announcement earlier on Saturday by the Spanish clothing giant Inditex, owner of Zara. "Less than four percent" of the German sportswear company''s revenue came from Russia, a spokeswoman for Puma told AFP, with the global figure coming to 6.8 billion euros ($7.4 billion) in 2021. Puma will "continue to pay the full salary of our employees" at "more than 100" retail locations across the country, the spokeswoman said. The German brand on Thursday said it would "suspend its contract With the Russian Basketball Federation", after the decision of the International Olympic Committee to recommend the exclusion of Russian athletes from international competition.