Inditex, which includes Zara, Massimo Dutti, Pull & Bear, Oysho, Bershka, Stradivarius and other brands, may continue to operate in Russia. This was reported by Kommersant in reference to the decision of the Samara District Arbitration Court dated September 30.
According to the source of the publication, the Spanish fashion group Inditex is considering the possibility of transferring Russian assets to partners from a “friendly” country such as the UAE, in order to continue working in Russia. Market experts agreed that Inditex could transfer its business to its dealers in Southeast Asia or the Persian Gulf, and that the business transfer could take six months to a year.
Recall that Inditex owns several popular clothing brands, and this spring all stores and online platforms in Russia were suspended.
Source: People Talk
Richard Stock is an author at “The Fashion Vibes”. He is a lifestyle expert who provides readers with the latest news and trends in the world of fashion, beauty, food, and travel. With a sharp eye for detail and a passion for writing, Richard offers unique insights and perspectives on the topics he covers.
