Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Industria de Diseño Textil, S.A. is a Spanish multinational clothing company, the biggest fast fashion group in the world, operates over 7,200 stores in 93 markets worldwide. Owner of brands: Zara, Massimo Dutti, Bershka, Oysho, Pull & Bear, Stradivarius

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
322
Assets(RF), mln.USD
167
Capital(RF), mln.USD
71
Glob.Revenue, mln.USD
33064
Shops
547
Staff(RF), 2021
9000
Taxes(RF), mln.USD
30

Localized production of home textiles for the Zara Home chain. Zara-owner Inditex obtains approval to sell business in Russia.

The Company Statement
April 12, 2024

According to press reports, the company is temporarily closing its stores and suspending sales. Inditex, which halted sales in Russia back in March after the invasion of Ukraine, is selling its 500-plus Russian stores to the United Arab Emirates-based Daher Group. Bershka, a worldwide clothing retailer and product of Zara's parent brand, Inditex, is set to reopen its stores in Russia between April and May 2023 under the brand name Ecru. Other stores under the Inditex group, specifically Zara and Pull & Bear, are also set to reopen stores in the country. Rebranded by the new owners, the new brands will open under the names Maag and DUB. 23.10.2023: The legal entity LLC "Zara Home CIS" was liquidated but few more entities are still active. 20.02.2024: The legal entity LLC "Massimo Dutti" was liquidated. 26.02.2024: The legal entity Oisho CIS LLC was liquidated. 04.2024: The legal entity STRADIVARIUS CIS LLC was liquidated on April 10, 2024. The legal entity Bershka CIS LLC was liquidated on April 18, 2024.

May 06, 2024Kremlin wardrobe. Who and how from the leading fashion brands are dressed by Russians
April 10, 2024LLC "STRADIVARIUS CIS" - Moscow - Liquidator Sokolova V. Yu. - TIN 7717555217
April 10, 2024The stores that opened in place of Zara ended the year with a loss of ₽5.4 billion. How Maag and Dub survived the first year of operation in Russia
February 20, 2024MASSIMO DUTTI LLC – Moscow – Liquidator Sokolova V. Yu. – TIN 7717555256
October 23, 2023LLC "ZARA HOME CIS" - Moscow - Liquidator Sokolova V. Yu. - TIN 7717582404
July 30, 2023ZARA, Massimo Dutti and Bershka may return to Ukraine in the fall, but there is a nuance
June 10, 2023Clothing brands Bershka, Zara and Pull&Bear are returning to Russia
May 11, 2023Pinsent Masons on the sale of Inditex business in Russia to the Daher Group
April 30, 2023How Russian fashion brands are replacing foreign ones
April 05, 2023Zara owner Inditex obtains approval to sell Russia business
April 05, 2023Ministry of Industry and Trade: the company replacing Inditex will open more than 200 stores in Russia in May
April 05, 2023Zara owner Inditex obtains approval to sell Russia business
March 12, 2023Zara, Bershka And Other Brands To Return To Russia Under New Names: Reports
March 10, 2023Under new names: Zara, Bershka and Pull&Bear stores will resume operations in Russia
December 26, 2022Zara Parent Sells Russian Real Estate; Van Crashes Into Chanel, Again
December 14, 2022Inditex third-quarter sales rise despite cost inflation, Russian operations charge
October 31, 2022Inditex agrees deal to sell Russian stores
August 14, 2022Zara Owner’s Profit Jumps as Price Increases Outpace Costs
May 22, 2022Inditex to resume operations in Russia ‘as soon as possible’
April 05, 2022Zara owner Inditex ceases trading in Russia ‘temporarily’
March 15, 2022Russia’s Wildberries selling Zara clothes online despite Inditex halting operations
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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