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Moscow Approves Sale of Inditex’s Russian Business to UAE-Based Buyer

Moscow Approves Sale of Inditex’s Russian Business to UAE-Based Buyer

The Russian government on Wednesday said it had approved a deal for Spain’s Inditex, Zara’s parent company, to sell its Russian business to a UAE-based buyer, with some of its former stores to reopen under new branding in April and May.

Inditex shuttered its more than 500 Russian stores after Moscow sent troops into Ukraine, and agreed to sell them in October, although small-scale imports and online sellers are helping to keep Inditex’s…


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Xi and Putin are 'soulmates,' former U.S. intel official warns

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Oklahoma places Friday Health Plans under supervision

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