Oscar Garcia, CEO of Spanish clothing chain Inditex, owner of Zara, Pull & Bear, Bershka, Oysho, Massimo, Stradivarius, Dutti Oscar Garcia brands, gave an interview to the newspaper. Finance TimesHe said he was ready to return to Russia if the situation changed.
According to him, the terms of the agreement on the sale of enterprises in Russia to the Daher group provide the opportunity to return to the Russian market jointly with the new owner registered in the UAE.
“If we decide to continue our activities in Russia because the situation has changed – and of course I don’t think that will happen in the short term,” Garcia said.
He added that the company can continue its activities in these stores transferred to the Daher group. The owner explained that in this case Inditex “will operate in their own format and Daher will become the franchisee”.
Previously, the Telegram channel Mash, Spanish brands Bershka and Pull & Bear can rotate To Russia under new names in April.