Zara, one of the biggest Spanish clothing companies has announced plans to enter the Lithuanian market and is looking for a partner in Lithuania
Published:
29 November 2003 y., Saturday
Zara, one of the biggest Spanish clothing companies has announced plans to enter the Lithuanian market and is looking for a partner in Lithuania which would also operate in Latvia and Estonia.
Two Lithuanian companies – Apranga and Levuo are competing for a partnership agreement with Zara, which will be an operator contract, with Zara regulating prices and profits.
According to estimates the annual turnover of the Lithuanian clothing market is EUR 240 million.
Zara, which sells clothes for men, women and children operates 600 shops in 44 countries of the world.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders.
more »
AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions.
more »
Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt.
more »
Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA.
more »
Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard.
more »
The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout.
more »
With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis.
more »
Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally.
more »
With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU.
more »
China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
more »