crashes Tag

Zara Parent Sells Zara Parent Sells  Selling Stores: Zara parent company Inditex will sell its business in Russia, after shuttering their doors seven months ago. In a filing with Spanish regulators after market close, Inditex said it has reached an initial agreement with Daher group to take over its stores there. “Daher group has outstanding interests within the retail and real estate industry,” the corporate said in an announcement. “The terms of the transaction, subject to government approval, will enable the preservation of a considerable variety of jobs generated by Inditex Group in Russia, because it includes the transfer of a lot of the lease contracts related to stores.” Financial terms weren't disclosed. Before the locations closed at the beginning of the war in Ukraine,...