South Africa’s Woolworths Takes on Zara and H&M With Australian Bid

Woolworths Brand Witchery | Source: Woolworths

CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia’s David Jones Ltd. to challenge fashion retailers Inditex SA, Hennes & Mauritz AB and Fast Retailing Co. in the southern hemisphere.

…Continue Reading

Cotton On Seeks Chinese Partner to Challenge Zara, H&M Dominance

Cotton On in Adelaide, Australia | Source: Cotton On

SINGAPORE, Singapore — Cotton On Group, a clothing chain with 1,300 stores globally, said it will invest in China to step up its overseas expansion and challenge the dominance of Fast Retailing Co.’s Uniqlo and Hennes & Mauritz AB.

…Continue Reading

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.

…Continue Reading

David Jones Rises as Rejected Myer Merger Proposal Revealed

David Jones Store | Source: Flickr.com

SYDNEY, Australia — David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.

…Continue Reading

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.

…Continue Reading

Cut From the Same Cloth: Esprit Tries on Zara for Fashion Makeover

Esprit Autumn/Winter 2013 Campaign | Source: Esprit

HONG KONG, China — Esprit Holdings' chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of his former employer-now-rival, Zara.

…Continue Reading

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.

…Continue Reading