Spain's Inditex, owner of the Zara chain and the world's biggest fashion retailer, is optimistic about long-term growth in China despite the slowing economy, as demand for its affordable fashion stays robust.
Inditex President Pablo Isla met in Beijing with Chinese Minister Chen Ji Ning, announcing China as the first market where the Spanish group's concept for an eco-efficient store will be put in operation.
Spanish group Inditex, owner of the Zara fashion chain, expects to trim investment in 2015 after a recovery in its biggest European markets alongside a store and online expansion boosted profit by five percent.
Pablo Isla, the CEO of the Spanish clothing giant, travelled to Beijing to meet with Zhong Shan, China International Trade Rep and Wang Ashun, Mayor of Beijing, to confirm the group's ambitions in the Asian country.
Harvard Business Review has published its ranking of the 100 best-performing CEOs, with Jeffrey Bezos placing 1st. Simon Wolfson and Richard Cousins are two of the five Brits in the North American-dominated ranking.
Spanish-based retail chain Zara, whose "fast fashion" business model has helped make it one of the world's biggest clothing brands, plans to pioneer a new stock control system to make its supply chain even speedier.
Zara owner Inditex, the world's largest fashion retailer, plans to join China's fast-growing Tmall online marketplace to strengthen its position in a country that is already its second biggest by store numbers behind ...