"Spain's Inditex SA, one of the world's largest fashion distributors, is to set up a new subsidiary in Hungary, the company has confirmed information by business daily Világgazadaság. Inditex already sells five brands in Hungary.The new international chain will market only clothing accessories, such as shoes, belts, gloves and scarves.
Inditex is Europe's second-largest clothing company after Hennes & Mauritz in terms of sales volume.
Inditex has more than 3,350 outlets in 68 countries in Europe, the Americas, Asia and Africa. In addition to Zara, the largest of its retail chains, Inditex has another seven commercial formats: Skhuaban, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home.
Inditex has been on the Spanish Stock Exchange since 23 May 2001. Its market value is around EUR 25,000 m."
Source: Portfolio Online Financial Journal
08.01.2008