Inditex Announces Expansion Plans
December 13, 2012
Spanish retail group Inditex, parent company of brands including Zara and Massimo Dutti, continues to expand with plans to grow its retail presence by up to 10 percent over the next three to five years. In the first nine months of 2012, the company opened 360 new stores in 54 markets, bringing its total number of stores to 5,887 worldwide, and also debuted the Massimo Dutti brand in North America. Most recently, Inditex opened a Zara flagship in London on Dec. 5. The new three-floor, 16,200-sq.-ft. store is located on Oxford Street and boasts an eco-efficient design.