Home / Knowledge / News / Apparel/Garments / Inditex agrees to buy out its franchises
Inditex agrees to buy out its franchises
11
Aug '11
The Inditex Group has agreed to buy the companies operating its fashion concepts in Kazakhstan in a transaction to be completed in the fourth quarter of this year. Following the deal, Inditex will directly manage the seven Zara, Pull&Bear, Massimo Dutti, Bershka and Stradivarius stores in Kazakhstan, leaving their entire workforce intact. Since the country's first Inditex Group store launched in 2009, the company Fawaz Alhokair has successfully operated these stores under a franchise regime.

Inditex has stores in Kazakhstan's two largest cities. The capital, Astana, hosts Inditex concepts Zara, Pull&Bear, Massimo Dutti, Bershka and Stradivarius, while Almaty (the country's most populous city) is home to Zara and Bershka stores.

Meanwhile, the Inditex Group plans to disembark in Georgia and Azerbaijan as it extends its presence in Central Asia. The group's arrival in these two new markets is the result of a franchise agreement with the aforementioned Fawaz Alhokair, a company with which Inditex has collaborated since opening its first Saudi Arabian stores in 1999.

Inditex

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X