Press releases
Inditex decides together with Otto Group the repurchase of their remaining shares in ZARA Deutschland
Inditex has concluded the purchase of Otto Group’s remaining minority stake in the German subsidiary Zara Deutschland, as already foreseen in the joint venture agreement. With the purchase of the remaining 22% of Zara Deutschland GmbH, Inditex has acquired a 100% stake in all of its German subsidiaries, and completes the process previously agreed upon with Otto Group. Inditex in 2006 bought back its stake in Massimo Dutti Deutschland from Otto Group.
Inditex has operated in Germany since 1999 through its commercial concepts Zara and Massimo Dutti, and today has a total of 72 stores in more than 40 German cities.
The Inditex business model is based on a multi-concept strategy, and it now operates stores under eight brands. Thanks to the positive performance of the German market, Inditex is currently reviewing the most effective approach for the introduction of other Inditex brands.
Zara.com, Zara’s online store, will launch in Germany on 2 September.