«If we made the decision to resume our operations in Russia because the situation has changed — and of course I don't think this will happen in the short term — we could resume our operations with exactly the stores that we transfer to the Daher Group» , — quotes the Financial Times newspaper the words of the company's CEO Oscar Garcia Maceiras.
In addition, he specified that in the event of a return to Russia, Inditex would carry out its activities in its own formats with Daher as a franchisee. The Financial Times, referring to Maceiras, added that the company plans to expand business in the US and that most of the 1.6 billion euros of capital expenditure planned for this year will go to opening or expanding stores around the world.
Inditex Corporation was founded in 1985. Owns brands such as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterque. The founder of the company, Amancio Ortega, remains the controlling shareholder.