Inditex buys Massimo Dutti franchises in Belgium, Portugal
01 Feb '12
1 min read
The Inditex Group has decided to buy fashion retailer Massimo Dutti's store networks, which operated until now under franchise agreements, in Belgium (22 stores) and Portugal (45 locations). Both deals are valued at a combined 103 million euros.
This acquisition means that Inditex has taken direct management control of 100% of the shops of all Inditex retailers in Portugal and Belgium. Massimo Dutti's international presence spans more than 560 stores in 51 countries.
Inditex is one of the world's largest fashion retailers, welcoming shoppers at its eight store formats -Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe - boasting 5.402 stores in 78 countries.
Massimo Dutti's 568 stores in 51 countries share a universal design which transcends national borders to connect with today's men and women, who are independent, urban and cosmopolitan. It offers a wide variety of collections, ranging from sophisticated high-end fashion to easygoing casual wear.
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