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Zara cerrará todas sus tiendas en Venezuela
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Inditex, dueño de la marca Zara, cerrará todas las tiendas en Venezuela
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Todas las tiendas de Zara cerrarán en Venezuela
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Zara owner Inditex to close all stores in Venezuela, local partner says Reuters 2 hrs ago © Reuters/Carlos Garcia Rawlins FILE PHOTO: A man walks past a Zara retail store, with its shutters drawn, at a mall in Caracas
NEW YORK (Reuters) - Inditex, owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review, a spokesperson for Phoenix World Trade said.
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Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007.
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NEW YORK (Reuters) - Inditex, owner of brands including Zara, Bershka and Pull & Bear, will close all its stores in Venezuela in coming weeks as a deal between the retailer and its local partner Phoenix World Trade has come under review, a spokesperson for Phoenix World Trade said.
Phoenix World Trade, a company based in Panama and controlled by Venezuelan businessman Camilo Ibrahim, took over operation of Inditex stores in the South American country in 2007. Phoenix World Trade is re-evaluating the commercial presence of its franchised brands Zara, Bershka and Pull&Bear in Venezuela, to make it consistent with the new model of integration and digital transformation announced by Inditex, the company said in response to a Reuters request. The five stores which remain open. will cease to operate in coming weeks .