Spanish Inditex plans to sell Russian business to a partner from a "friendly" country
19.10.2022 5186

Spanish Inditex plans to sell Russian business to a partner from a "friendly" country

Owning brands Zara, Massimo Mulberry, Bershka, Pull & Bear, Oysho, Stradivarius Group Inditex plans to transfer its Russian structure to a third company from a country that Russia perceives as friendly. It could be a country from Southeast Asia, the Persian Gulf or the United Arab Emirates, Kommersant writes.

The fact that Inditex is going to change the corporate structure of the Russian subsidiary - Zara CIS JSC, Kommersant learned from the ruling of the Arbitration Court of the Samara Region dated September 30. It considers the claim of the owner of the shopping center "Cosmoport" in Samara to "Zara CIS". It follows from the materials of the court that Inditex plans to transfer the Russian structure to a third company registered in a jurisdiction that the Russian authorities do not consider “unfriendly”. The Inditex global office left this information without comment.

It is noted that Inditex has already begun the process of restructuring its retail network, closing unprofitable stores. However, most landlords do not plan to break off relations with the retailer.

Owning the brands Zara, Massimo Dutti, Bershka, Pull & Bear, Oysho, Stradivarius, the Inditex group plans to transfer its Russian structure to a third company from a country that Russia ...
5
1
Rating

Latest News

Business breakfast at the CPM exhibition

Vladimir Mukhin and Boris Zarkov's renowned contemporary Russian restaurant, White Rabbit, which was included in the Michelin Guide in 2022, hosted the traditional business breakfast of the industry's largest international exhibition on February 5.
09.02.2026 162

A new collaboration between luxury and sports brands has been released: Thom Browne x Asics.

With the collaboration with Asics, the American brand Thom Browne, committed to classic style, has added its first sneakers to its collection.
09.02.2026 225

The US and India have reached an agreement to reduce tariffs by up to 18%.

US President Donald Trump announced a trade agreement with India, under which tariffs on Indian goods will be reduced from 50% to 18%. Trump linked this move to India's halting purchases of Russian oil and a decline in trade…
06.02.2026 513

Sneakers have appeared in the Tamaris collection.

This Spring/Summer 26 season, the German brand Tamaris collection features the year's trendiest model: ultra-thin sneakers.
06.02.2026 492

Wales Bonner has released its own sneaker model based on its collaborations with Adidas.

The Wales Bonner collection now includes the Paris Trainer sneaker, essentially a continuation of British fashion designer Grace Wales Bonner's collaboration with Adidas. However, the silhouette and design of the sneakers are reminiscent of the six-year-old's hits…
06.02.2026 527
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning