ZARA parent company: India de Dise ñ o Textil (Industex)

Founded in 1963, India de Dise ñ o Textil, S.A., Industex (OTC PINK: IDEXF, IDEXY, BMAD: ITX), headquartered in Coruna, Spain, has 153488 full-time employees. It is a large Spanish enterprise and the second largest fashion group in the world. It has more than 100 enterprises, mainly engaged in the design and sales of handicrafts. The current chairman of Indy Textile Group is Pablo Isla.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

India de Dise ñ o Textil (Industex)

Industria de Dise ñ o Textil, S.A. (Industex) is a Spanish multinational clothing company. Industex is the world's largest fast fashion group, with more than 7200 stores in 93 markets around the world. The company's flagship store is Zara, but it also has many other brands, such as Zara Home, Massimo Dutti, Bershka, Oysho, Pull&Bear, Stradivarius, Uterq ü e and Lefties. Most of its stores are owned by enterprises, and the franchise rights are mainly granted to countries where the enterprise property cannot be owned by foreign capital. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

Inditex's business is centered on a simple premise: rapid response to the market. Traditional fashion companies need nearly a year to launch their products, from concept to fashion show to store. For Inditex, this process only takes less than two months, so as to supplement new and different products to the store every week and respond quickly. This is not without consequences for the earth and mankind, because it is the world's largest fast fashion brand. The prototype of the new model is made in just 5 days, and 60% of the manufacturing is carried out locally to shorten the delivery time. In Zara store, it only takes 15 days for a new garment from design and production to go on sale. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

In 1989, one year after entering Portugal, the company entered the American market and expanded to France in 1990. In 1992, it continued to expand to Mexico, and in 1993, it continued to expand to Greece. In 1994, Inditex opened stores in Belgium and Sweden. By 1997, the company had expanded to Malta, Cyprus, Norway and Israel. In 1998, the business continued to expand to the United Kingdom, Turkey, Argentina, Venezuela, the Middle East and Japan. In 1999, it opened stores in Canada, Germany, Poland, Saudi Arabia and several South American countries. In 2016, Inditex announced plans to open stores in Vietnam, New Zealand, Paraguay, Aruba and Nicaragua. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

The company opened stores in Italy, Luxembourg and Jordan in 2001. In 2003, Inditex opened stores in Russia, Slovakia and Malaysia. The following year, Latvia, Hungary, Panama and other countries opened stores, including the 2000th store in Hong Kong. By 2006, the company had expanded to mainland China. [In 2010, the company opened its 5000th store in Rome and its first store in India. The first store in Australia and South Africa opened in 2011. In 2012, the company continued to expand to Serbia, Northern Macedonia, Armenia, Ecuador, Georgia and Bosnia Herzegovina. In 2014, Inditex opened stores in Albania. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

In 2007, Inditex launched Zara Home online retail store. Zara joined in September 2010 Electronic Commerce Market, launching websites in Spain, Britain, Portugal, Italy, Germany and France. In November 2010, Zara's online business expanded to Austria, Ireland, the Netherlands, Belgium and Luxembourg. In September 2011, Inditex brought Zara's e-commerce platform to the United States and added the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterq ü e to the e-commerce field. As of February 2016, Inditex has operated e-commerce websites in 28 markets and plans to add another 12 before April. In September 2018, Inditex announced that it would sell all its brands online by 2020, even where it does not have any stores. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

As of July 13, 2021, Inditex has operated 6829 stores in 96 markets; And online stores in 216 markets. It also involves textile manufacturing, design financial service 、 real estate Logistics, insurance, cogeneration and construction business. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

India de Dise ñ o Textil (Industex) History Encyclopedia

Amancio Ortega began to work in the clothing industry in the early 1960s, when he worked in a local shirt manufacturer in A Coru ñ a, Spain. Ortega began to develop his own design. He and his wife Rosalia Mera started to make clothes at home. Ortega saved enough money to open a small factory and sold clothes to his former employers and others. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

In 1975, the couple opened their first store, Zara, to produce fashionable fashion at low prices. The following year, Zara was established and began to open more stores and factories in Spain. Later that year, after Ortega noticed that computers were becoming more and more important, local professor Jos é Mar í a Castellano was hired to improve the company's computing power. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

In the 1980s, the company implemented a new design and distribution method, which greatly shortened the time between design, production and arrival at retail outlets. The system was designed by Castellano, who became CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Industex was established as the holding company of Zara and its manufacturing plants. In 1988, the company opened a Zara store in Porto, Portugal, and began to expand internationally. In 1990, the company owned the shoe series Tempe in the children's area of Zara store. In 1991, Inditex founded Pull and Bear, a casual men's wear company. Later that year, the company also acquired a 65% stake in the high-end Massimo Dutti brand. Inditex founded Lefties in 1993. In 1995, Inditex purchased the remaining shares of Massimo Dutti and began to expand the brand to women's collections. In 1998, Inditex launched the Bershka brand for urban fashion. The company acquired the young women's fashion brand Stradivarius in 1999. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/idexf.html

Inditex conducted an IPO in Bolsa de Madrid in 2001（ IPO )。 The IPO sold 26% of the company's shares to public investors, and the company was valued at 9 billion euros. In the same year, the company launched the underwear and women's wear shop Oysho.

In 2003, Inditex launched the Zara Home brand, which provides bedding, tableware, glassware and other home decoration accessories. In 2004, Inditex has established business in 56 countries/regions with 2000 stores in Hong Kong.

In 2005, Jose Maria Castellano, the chief executive, stepped down from the post of supervising the expansion plan, and Pablo Isla, the current chief executive, took over. Inditex launched Uterique in the summer of 2008, which specializes in female accessories. In the same year, after doubling its size in four years, the company opened its 4000th store in Tokyo. In 2011, Ortega, the founder and major shareholder of the business, stepped down as the vice chairman and CEO, and Isra handled daily operations. Later that year, the company opened a store in Australia, which will enable the company to operate in 77 countries on five continents. After the collapse of the Savar building in 2013, Inditex became one of the 38 companies that signed agreements on plant and building safety in Bangladesh.

As of 2019, Inditex is Largest in the world A fashion retailer.

Inditex's revenue fell by 18% to US $1.85 billion in the last quarter of 2020, mainly due to the decline in retail sales caused by the coronavirus pandemic. Inditex's stock fell 12% during the year.

In May 2021, Inditex said that all its stores in Venezuela would review the agreement with its local partner Phoenix World Trade.

Indy Textile Group (Yingdide Group) Industria de Dise ñ o Textil (Industex) US equity investment

Company official website ， Stock quotations 。