Zara operates in India through the association of its parent Spanish clothing company Inditex with the Tata group firm Trent Ltd – Inditex Trent Retail India Private Limited (ITRIPL). The Inditex group of Spain owns 51 per cent while Trent has 49 per cent.
Who runs Zara?
Spaniard Amancio Ortega is one of the wealthiest people in the world and founder of one of the world’s largest fashion clothing retailers, Zara. Ortega started Zara in 1975 and saw it grow to 2,085 stores in 96 markets by 2021.
Why is there no sale in Zara India?
MUMBAI: Spain’s Inditex, the owner of fashion brand Zara, posted its first ever loss in India after sales shrunk by 28% due to Covid-related lockdowns and strict restrictions after reopening amid rising number of infections during FY20-21.
Who is the CEO of Zara?
Amancio Ortega Zara’s founder is worth $72 billion, with $10.2 billion held in cash. Amancio Ortega, the founder of Spanish fast-fashion brand, Zara, currently has a net worth of $72 billion, posting year to date gains of about $5.5 billion.
Is Zara successful in India?
Spain’s Inditex, which owns luxury fashion brand Zara, posted a loss of Rs 41 crore in India for the financial year ended March 31, 2021. Its revenue also declined by 28.3 per cent to Rs 1,126 crore during the pandemic-hit 2020-21.
Is Zara expensive in India?
This has been Zara’s strategy for years, which turned it into a $90 billion global empire. But, in India, Zara too is considered expensive.
Why is Zara so expensive?
Originally Answered: Why is Zara such an expensive store? The high price of Zara is that it is representative of the current fast fashion. The clothes are changed quickly and the styles are diverse. The important thing is that you can wear a few thousand dollars for a few hundred dollars.
How do I complain to Zara?
Zara Head Office Contact Number – 0800 030 4238.