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Apparel retailer Inditex absorbs Spanish VAT hike

12
Jul '12
The Inditex Group will absorb the increase in VAT from 18% to 21% announced by the Spanish government and will not increase the prices of its products. With this decision, Inditex maintains its stable pricing policy. Inditex absorbed previous VAT increases, offsetting the impact via efficiencies in various areas of its operations.

This price policy extends to all of the Inditex Group’s chains (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe).

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 5.618 stores in 84 markets.

The Inditex Group is made up of more than 100 companies operating in textile design, manufacturing and distribution.

The group's success and its unique business model, based on innovation and flexibility, have made Inditex one of the biggest fashion retailers in the world.

The Inditex Group


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