Inditex in Japanese expansion
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Spanish fashion group Inditex plans to open a series of small-to-medium sized Zara stores in Japan as a result of the acquisition of former Japanese partner, apparel producer Bigi, reports just-style. Inditex has been active in Japan since 1998 and the acquisition of Bigi reaffirms its commitment to Asia. Six Zara store openings are planned annually over the next three to five years. Inditex said that it will next target shopping malls in the suburbs of smaller Japanese cities.
According to just-style, Japanese retail specialist publication Consuming Japan writes that Zara is expected to announce that the next brand to be launched into the Japanese market is Massimo Dutti. Inditex plans to expand throughout Japan over the next few years and says it will increase its presence in Hong Kong, Singapore, Malaysia, Indonesia and the Philippines. This year, it also expects to enter new markets like China, Thailand or South Korea.