Spain’s Inditex, owner of the Zara, Bershka, Massimo Dutti and other brands, plans to sell the Russian business to the Lebanese group Azadea. The latter has already organized a team in Dubai, which will open stores in Russia.

Owner of Zara, Bershka and other brands plans to sell Russian business

Inditex’s plans were reported by the Spanish newspaper Crónica Global. Specifies that the transaction is in the final stage.

The Lebanese Azadea, specialized in the development of various brands in the Middle East, could become the owner of Inditex’s Russian business. The group already has Inditex franchises in Qatar, Bahrain, Oman, Algeria, Kuwait, Egypt. Azadea is also a franchisee of Gap, Adidas, Reebok, Decathlon.

Inditex closed all of its 502 stores in Russia on March 5, saying it could not guarantee their continued operation. The Russian market represented around 8% of Inditex’s total profit.


Kirill Bilyk

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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