Ortega’s Zara Fashions Tax Avoidance by Shifting Profits to Alps

Zara Autumn/Winter 2013/4 | Source: Zara

NEW YORK, United States — In the past five years, Inditex has shifted almost $2 billion in profits to a tiny unit operating in the Netherlands and Switzerland, records show. Although that subsidiary employs only about 0.1 percent of Inditex’s worldwide workforce, it reported almost 20 percent of the parent company’s global profits last year, according to company filings.

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Spain’s Next Zara? Fashion Label Desigual Speeds Global Growth

Desigual store interior | Source: Wikipedia

BERLIN, Germany — Spanish fashion label Desigual is accelerating its expansion in Europe and emerging markets, seeking to ride predictions of fast growth in women's apparel while also taking the colourful brand into new areas like perfume and shoes.

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Retailers’ Christmas Cheer Tempered by Fragility of Recovery

Regent Street, London | Source: Shutterstock

PARIS, France — Retailers in Europe are predicting their best Christmas since the financial crisis, though optimism is laced with caution in the face of rising e-commerce and early discounting in a fragile economic recovery.

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Has Zara Reached Saturation Point? Far From It, Investors Bet

Zara Autumn/Winter 2013/4 | Source: Zara

MADRID, Spain — The world's largest fashion retailer, Inditex, shows no sign of stalling and investors are betting that its Zara "fast fashion" model has plenty of room to expand in emerging markets by appealing to the growing ranks of brand-conscious middle classes.

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Inditex First-Half Profit Beats Estimates as Sales Increase

Zara Autumn/Winter 2013/4 | Source: Zara

MADRID, Spain — Inditex SA, the Spanish owner of the Zara and Massimo Dutti chains, reported a 0.7 percent increase in first-half profit that beat analysts’ estimates as the retailer expanded by opening 95 stores in 40 markets.

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H&M Adds Retro Hunting Gear to Beckham Wear to Snare Men

David Beckham for H&M | Source: H&M

STOCKHOLM, Sweden — Your grandfather called them his longjohns. At Hennes & Mauritz AB these days, they’re trousers. The Swedish retailer, which typically takes inspiration from the catwalk, today is introducing a new menswear line that pays homage to the company’s history. H&M dusted off material from Mauritz Widforss, one of its two predecessor companies, to create the “Mauritz Archive,” a collection that includes $39.95 long

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