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Industria de Diseño Textil S A : Zara owner Inditex to close all stores in Venezuela, local partner says - Vimarsana News

Industria de Diseño Textil S A : Zara owner Inditex to close all stores in Venezuela, local partner says

Message : Required fields 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 ...

Analysis: What Pull&Bear's FB gaming deal spells for fashion marketing's future - Vimarsana News

Analysis: What Pull&Bear's FB gaming deal spells for fashion marketing's future

  Zara parent company Inditex, has inked a deal with Facebook to launch an interactive AR game for its Pull&Bear brand. The brand shared the new initiative on its Facebook page asking its followers to access the game, which is currently only available via mobile on Facebook and Instagram. This isn't the first intersection of fast fashion and gaming we've seen in recent times. UNIQLO, for example, also made its way into the world of Animal Crossing creating its own bespoke “UNIQLO Island” on the Animal Crossing: New Horizons game. Upon entering UNIQLO Island, players of the Nintendo Switc...

Fast fashion brands find the going tough in China--China Economic Net - Vimarsana News

Fast fashion brands find the going tough in China--China Economic Net

Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to further expand their physical presence and enhance digital-powered retail ecosystems.   The San Francisco-based clothing retailer is working with an adviser to study various options and has reached out to prospective suitors to gauge interest for the business, said sources, according to Bloomberg.   The firm, which owns Banana Republic and its namesake Gap brands, entered...

Source: en.ce.cn
Fast fashion brands find the going tough in China - Vimarsana News

Fast fashion brands find the going tough in China

Fast fashion brands find the going tough in China By Wang Zhuoqiong | China Daily | Updated: 2021-03-13 07:25 Share CLOSE A retail shop of Gap Inc in Changzhou, Jiangsu province. [Photo by Wang Qiming/for China Daily] Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to further expand their physical presence and enhance digital-powered retail ecosystems. The San Franc...

INDITEX - Industria de Diseño Textil SA (via Public) / Inditex exceeds €1.1 billion net profit - Vimarsana News

INDITEX - Industria de Diseño Textil SA (via Public) / Inditex exceeds €1.1 billion net profit

invoiced the Group more than €4bn. Total invoicing by Spanish suppliers over the past five years stands at €24.4bn. Another highlight was the launch of volunteer initiatives with employees. These initiatives raised €1.4 million through solidarity projects in areas close to the headquarters. This amount also strengthened the collaboration with the charity Caritas, by supporting online training activities for vulnerable groups whose employment programmes had been suspended. Commitment to people throughout COVID-19 As soon as the effects of the pandemic began to be felt, the G...