According to Bloomberg, which give the news, the announcement of this sale is in line with the growth of online sales of the fashion group. It is a sale & leaseback operation with a 20-year term, according to which Zara becomes a lessee, guaranteeing the buyer the possibility of vacating the store at the end of the first 5 years of contract.
The Inditex group also aims to standardize its leasing regime around the world, with this operation. No further information about the locations of the shops concerned is known.
Last year, 3% of Inditex's sales in Spain were made online. The group expects this percentage to reach European levels of 8% or the UK, of 15% in the near future.
Photo: NiT