Spanish Zara Is Coming to the Lithuanian Market

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.