×
76 929
Fashion Jobs
UNIQLO
Loss Prevention Supervisor
Permanent · Culver City
NORDSTROM
Asset Protection - Agent - Cherry Creek Shopping Center
Permanent · Denver
NORDSTROM
Asset Protection - Security Ambassador - Michigan Avenue
Permanent · Chicago
NORDSTROM
Area Manager - Asset Protection - Southern California
Permanent · Torrance
NORDSTROM
Asset Protection - Agent - University Station Rack
Permanent · Westwood
NORDSTROM
Area Manager Warehouse - Returns 2nd Shift 3:30pm - 12:00am- Gainesville, fl
Permanent · Gainesville
NORDSTROM
Overnight Retail Stock & Fulfillment - Roosevelt Field
Permanent · Garden City
NORDSTROM
Asset Protection - Agent - Mall of America
Permanent · Bloomington
NORDSTROM
Area Manager - b Shift, Tue-Fri, 4pm-2am - Mwfc - Cedar Rapids, ia
Permanent · Cedar Rapids
NORDSTROM
Asset Protection - Agent - l Street Rack
Permanent · Washington
NORDSTROM
Asset Protection - Security Ambassador - Nyc Flagship
Permanent · New York
NORDSTROM
Asset Protection - Agent - The Mall at Short Hills
Permanent · Millburn
NORDSTROM
Asset Protection - Agent - Christiana Fashion Center Rack
Permanent · Newark
SALLY BEAUTY CORPORATE
181 - District Manager
Permanent · ALBUQUERQUE
SALLY BEAUTY CORPORATE
District Manager- Sally Beauty- d200
Permanent · GRAND RAPIDS
SALLY BEAUTY CORPORATE
Director fp&a
Permanent · DENTON
ROSS
Store Protection Specialist
Permanent · Pompano Beach
ROSS
Store Protection Specialist
Permanent · Pomona
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Richmond
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Barnstable
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Lisbon
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Capitol Heights
Translated by
Roberta HERRERA
Published
Dec 22, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Inditex streamlines corporate structure, Zara absorbs Kiddy's Class

Translated by
Roberta HERRERA
Published
Dec 22, 2022

The Inditex group is continuing to streamline its corporate structure. Zara has absorbed Kiddy's Class, its children's fashion chain, as published in the Official Gazette of the Mercantile Registry (Borme).


Zara Spain absorbs Kiddy's Class - Zara Kids - Instagram


The document stated that it is a merger by absorption. The transaction involves the "extinction by dissolution without liquidation" of Kiddy's Class España S.A. and the "transfer en bloc of all its assets and liabilities" to the absorbing company, Zara España S.A., which acquires "by universal succession" the rights and obligations of the absorbed company.

Inditex announced in early 2020 that it would concentrate its efforts in children's fashion on the Zara Kids line, which led to the discontinuation of Massimo Dutti Kids and culminated in this movement registered in the Borme.

Zara's children's line can be found in many of the retailer's stores. Its stand-alone store format counted a total of 53 stores as of October 31, 2022, according to the Galician group's latest quarterly report. Just a few years earlier, at the close of 2018, the Kiddy's Class chain had 128 stores.

The absorption of Kiddy's Class by Zara España is also in line with Inditex's process of reducing its operating structure over the last few years, which resulted in the unification of its subsidiaries in Portugal, Italy and the United Kingdom.

The textile giant announced just a few days ago its third quarter results: in the first nine months of the year, the company posted a profit of 3.09 billion euros, up 24% compared to the same period in 2021. For its part, sales stood at 23.06 billion euros, up 19% year-on-year.

Copyright © 2023 FashionNetwork.com All rights reserved.