Fashion giant Inditex to resume operations in Venezuela

CARACAS/MADRID, Jan 20 (Reuters): Spanish fashion company Inditex, opens new tab plans to resume activities in Venezuela, reopening under a franchise agreement a Zara store in Caracas in the first half of 2024 after a three-year hiatus, the company said on Friday.

In 2021, Inditex, which also owns Bershka, Pull & Bear and other brands, closed all of the group's shops in the South American country following a revised franchise agreement with local partner Phoenix World Trade.