The move comes after Inditex paused its operation in Russia on 5 March.

In a securities market disclosure, Inditex said the deal would allow the preservation of a substantial number of jobs generated by Inditex Group in Russia, as it includes the transfer of most of the lease contracts related to stores. 

Related Company Profiles

View all

Daher Group has prominent interests in the retail and real estate industry.

“If in future Inditex considers that new circumstances allow the return of the Group’s brands to this market, Inditex and the Daher group have the option of a potential collaboration through a franchise agreement,” Inditex added.

The Pull & Bear and Bershka owner estimates the provision included in the first half 2022 financial statements sufficiently covers the impact of the termination of the group’s business activities in the Russian Federation.

Last month, Inditex published its half-year results in which it said net income reached “historic highs”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sales reached EUR14.8bn (US$14.79bn), 24.5% higher than H1 2021.

Net income increased 41% to EUR1.8bn

Inditex says it is expecting supply chain tensions to surface in the second half and has moved to temporarily accelerate autumn/winter inflows in order to increase product availability without any change to commitment levels. Inventory as of 31 July increased 43% on this basis.