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September 21, 2011

Weaker consumer sentiment is not affecting fashion empire Inditex, which has seen sales jump by 12% in the first half of 2011.

Weaker consumer sentiment is not affecting fashion empire Inditex, which has seen sales jump by 12% in the first half of 2011.

The Spanish retail giant, controlled by billionaire Amancio Ortega, reported net sales of €6.2 billion during the first half of this year, up from €5.5 billon during the same period in 2010.

August 19, 2011

Family-controlled fashion retailer Gap Inc has seen a fall in its second-quarter domestic sales, as it struggles with a drop in customers and higher production costs.

Family-controlled fashion retailer Gap Inc has seen a fall in its second-quarter domestic sales, as it struggles with a drop in customers and higher production costs.

The largest American clothing company by revenues, controlled by the founding Fisher family, announced on 18 August that its US revenues for its flagship brand dropped to $734 million (€512 million) in the second fiscal quarter, from $776 million for the same period last year.

July 28, 2011

Family-owned American clothing retailer Forever 21 has opened in London as part of its strategy to expand operations throughout Europe.

Family-owned American clothing retailer Forever 21 has opened in London as part of its strategy to expand operations throughout Europe.

The clothing giant, 100% owned by the Korean-American Chang family, opened its third store in Europe on 27 July – it had already opened a store in Birmingham and Dublin last year.

The move comes as Forever 21, much known for its cheap but chic fashion in the US, looks to expand globally with plans to open 20 stores throughout Europe.

May 23, 2011

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Inditex, founded by Spanish billionaire Amancio Ortega, announced on 19 May that it has opened its flagship Zara store in Sydney, Australia as part of its strategy to expand in Latin America, Australia and Africa.

December 16, 2010

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara clothing brand, announced 15 December a big profit rise.

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara clothing brand, announced 15 December a big profit rise. 

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