Inditex sells Russian business to UAE-based group

670 x 6702 012256Following rumours in recent weeks regarding the potential sale of Inditex’s business in the Russian market, Inditex has confirmed that it has reached an initial agreement for the sale of its business in Russia to the UAE-based Daher Group, which has stakes in the distribution and real estate sectors.

The Spanish textile group said the terms of this operation, subject to prior government approval, will “enable the preservation of a substantial number of jobs generated by the Inditex group in Russia”.

For the full story, see the November 2022 edition of Textiles Eastern Europe.


Photo: Azadea Group