Inditex
Spanish multinational clothing company / From Wikipedia, the free encyclopedia
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Industria de Diseño Textil, S.A. (Inditex; /ˌɪndɪˈtɛks/, Spanish: [indiˈteks]; lit. 'Textile Design Industry') is a Spanish multinational clothing company headquartered in Arteixo, Galicia, Spain.[4] Inditex, the biggest fast fashion group in the world,[5] operates over 7,200 stores in 93 markets worldwide.[6][7][8] The company's flagship brand is Zara, but it also owns a number of other brands such as Zara Home, Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe and Lefties. The majority of its stores are corporate-owned, while franchises are mainly conceded in countries where corporate properties cannot be foreign-owned.[9]
Inditex | |
Company type | Sociedad Anónima |
BMAD: ITX | |
ISIN | ES0148396007 |
Industry | Retail |
Predecessor |
|
Founded | A Coruña, Galicia, Spain (12 June 1985; 38 years ago (1985-06-12)) |
Founders | Amancio Ortega Rosalía Mera |
Headquarters | , Spain |
Number of locations | 7,292 stores[1] |
Area served | Worldwide |
Key people |
|
Products | Clothing & fashion |
Revenue | €32.569 billion (2022)[2] |
€5.520 billion (2022)[2] | |
€4.147 billion (2022)[2] | |
Total assets | €29.983 billion (2022)[2] |
Total equity | €17.033 billion (2022)[2] |
Number of employees | 164,997 (2022) [2] |
Subsidiaries | Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe, Lefties |
Website | www |
Footnotes / references [3] [2][1] |
Inditex's business is centred around one simple premise – to be quick at responding to the market. Whereas it would take almost a year for a traditional fashion company to get its products out, from conception to runway to stores, for Inditex, this process takes less than two months to replenish stores with new and different products weekly and respond quickly. In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.[10]
The company makes use of Uyghur forced labour provided by the China based supplier Beijing Guanghua textile group, according to Uyghur Rights Monitor, Sheffield Hallam University, and the Uyghur Center for Democracy and Human Rights.[11]