EVERYTHING that Spanish Group Inditex touches seems to turn to gold and profits for Zara in India for the 2020 fiscal year are up 45 per cent to just over €12.25 million which doesn't seem a lot but the India market is growing dramatically.
It has two trading agreements with Indian company Trent Ltd (part of the massive Tata Group) to run both Zara and Massimo Dutti stores on the sub-continent and owns 51 per cent of each business.
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With 22 Zara stores and just three Massimo Dutti then it seems likely that the two companies will look to expand over the coming years.
Source: euroweeklynews.com
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