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Inditex to buy Omnium stores

By FashionUnited

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Spanish fashion group Inditex has announced it has reached a preliminary agreement to take over 15 retail outlets from the French Omnium Group. Inditex will incorporate 10 Bouchara outlets and five Eurodif stores, located in 14 high street locations, into its own network of stores in France. If all goes according to plan, the transfer will take place at the end of 2006 and the first half of 2007. These locations will then house various Inditex retail formats. The 250-strong Omnium staff currently employed at these locations would join the Inditex staff in France. This transaction is part of Inditex's retail expansion plan in France. The group currently operates 127 stores in that country. Its first entry into the French market was with a Zara store opening in Paris in 1990. Since then, the group has opened 92 Zara stores in France. The first French Massimo Dutti store was opened in 2002, while Berschka opened there in 2003. Dutti now has 11 points of sale and Berschka 21 points of sale in the French market. The first Pull and Bear store made its French entrance in 2005. This year the group opened the first Zara Home store there. Meanwhile, Stradivarius only has one store in France, which opened in 1999.

Inditex