Inditex

Industria De Diseno (OTC:IDEXY), the parent company of Zara, is launching a strategic expansion of its budget brand, Lefties, to counter the growing influence of the Chinese fast-fashion giant Shein. What Happened: Inditex is expanding its budget brand, Lefties, in response to the competitive...

The number of Spaniards claiming unemployment fell in May much more than expected in a sign that the economy may be starting to turn a corner. The number of people registering for jobless benefits fell by 98,265 from April to 4.89 million, the Labor Ministry in Madrid said today, giving support to...