By
Reuters
Published
December 5, 2024
Spain’s Inditex has temporarily closed its franchise-operated stores in Algeria though it is not considering ceasing operations in the country, a company source told Reuters on Thursday.
The company behind Zara and other brands, which according to its latest annual report has 20 stores in Algeria, has at other times temporarily closed shops in countries such as Ukraine and Israel.
The world’s biggest listed fast-fashion company earlier this year reopened Zara stores in Ukraine and relaunched online sales, as well as resuming operations in Venezuela under a franchise agreement.
The United Arab Emirates-based Daher Group, the Inditex partner that operates the company’s brands in Algeria and other countries in Africa and the Middle East, did not immediately respond to a request for comment.
Inditex has 5,692 stores, according to its 2023 annual report, including 1,103 that operate under franchise agreements.
© Thomson Reuters 2024 All rights reserved.
Like the Beatles before them, a slew of British brands are taking the US by storm with their whimsical dresses and cosy knitwear.The Guardian’s journalism is