Inditex may leave Russia and hand over its Russian assets to partners in some other country.

So Massimo Dutti, Oysho and Zara Home will leave the Russian market altogether, while the rest of the brands, including Zara, will open under new names and with new collections no earlier than spring 2023.

Days after the war began, Inditex decided to close its 502 shops in Russia, its second largest market after Spain, with more than 9,000 employees, and to suspend online sales in the country as a result of the Russian invasion of Ukraine. Of the 502 stores, 86 were Zara shops.Russia accounts for around eight per cent of the group's global net operating income.

In the first half of 2022 Inditex’s sales rose by 24 per cent. Store and online sales were up 11 percent year-on-year.Profits were up 41 percent and gross margin was up 57 percent, marking the strongest first half in seven years. Inditex has a nunique fashion proposition, an increasingly optimized shopping experience for customers and a focus on sustainability. In the face of possible supply chain tensions entering into the second half of the year, Inditex accelerated the current-season inventory flow.