Clean Break: the company completely halting Russian engagements or exiting Russia

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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

 
 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal
Spain
Consumer Goods & Clothing

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
May 11, 2023

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. The brands will reopen under the names Maag and DUB.

Open the Statement
Statements Archive
September 14, 2023Never Can Say Goodbye. Despite Corporate Boycotts, Western Luxury Brands Are Still for Sale in Russia
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
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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