Europe's largest clothing retailer looks to expand in China
Spain's Inditex, Europe's largest clothing retailer by sales, is looking to expand in China, attracted by the rising spending power of consumers in the fast-growing Asian country. The firm, whose chains include Zara and Bershka, will focus its growth in Beijing, Hong Kong and the coastal city of Shanghai, Inditex chief executive officer Pablo Isla told an annual shareholders' meeting last month.
The announcement of the firm's Chinese expansion plans follows the opening in April of Swedish clothing retailer H & M's first store on the mainland and it underscores the growing appeal of China to international fashion retailers.
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