Zara is a member of the Inditex group, founded and owned by Spanish entrepreneur Amancio Ortega, the second richest man in the world after bill Gates, according to Bloomberg Billionaires.
Inditex arrived in Romania in 2004 via franchisees with the Pull&Bear and Zara Brands and then entered directly in 2007. It now owns 108 stores under seven brands – Zara, Zara Home, Bershka, Stradivarius, Pull&Bear, Massimo Dutti and Oysho.
Zara Romania posted 505 million lei (EUR111.4 million) sales in 2015, while profit stood at RON73.3 million, according to its report to the Finance Ministry. Zara has 789 employees in Romania.
The Inditex group ended last year with almost EUR300 million revenue in Romania, and online sales contributed 7% or 8% of that, ZF has found.
Zara generates more than one third of the total sales, although it has only one fifth of the total number of stores, 23 out of 108. However, Zara stores are bigger than Bershka, Pull&Bear and Stradivarius stores. (EUR1=RON4.5341)
(English version by Loredana Fratila-Cristescu)