#Zara owner to close up to 1,200 fashion stores worldwide after facing first loss
Thursday, 11 June, 2020, 22:35
Zara owner Inditex will close up to 1,200 smaller stores by 2021 and will instead focus on its bigger stores and online sales.
The announcement came after the Spanish multinational clothing company – which also owns other fashion brands such as Massimo Dutti, Pull & Bear and Bershka – booked its first loss after the coronavirus crisis forced it to suspend operations at most of its shops.
European payments: The European Commission welcomes the initiative92Yesterday, 20:00
Gold industry shaken as 83 tons of fake gold bars used to secure $2 billion loans in China132Yesterday, 16:25
It is important to continue expanding #OPEC format – Azerbaijan’s energy minister7802.07.2020, 19:35
Jeff Bezos’s wealth soars to $171.6 billion to top pre-divorce record11402.07.2020, 14:45