Given the statement of the Spanish business group Inditex, stating that he would disassociate himself from the business operations of the clothing store zara in the country, the repercussions on businessmen and economists were reflected in social networks. The Economist Miguel Braun, the entrepreneur Rodolfo Plains (president of the Union of Entrepreneurs) and the businessman Pier Paolo Barbieri from UALA, were the first to provide their comments on the hashtag Twitter of the news.
“The Inditex fashion distribution group has reached a principle of agreement with the multinational Regency Group to transfer the management of the operations of its Zara and Zara Home brands in Argentina and Uruguay”, communicated from the Spanish group Inditexresponsible for Zara stores in Argentina.
The company, owned by the entrepreneur Amancio Ortega Gaonaone of the 20 richest people in the world with assets valued at 65,000 million dollars, reported in a statement the agreement with the multinational Regency Group. The Iberian corporation Inditex, which controls the operations of the emblematic store in Argentina, proceeded to grant the Central American conglomerate corporate responsibility. A management model that has been adopted in the other subsidiaries in Colombia, Peru, Ecuador and Paraguay, among others.
“With this agreement, Inditex standardizes the management model of its brands with the one developed in most of the markets in the region, through a franchise contract managed by Regency, a business group that has been operating with great care for more than 25 years. success of Inditex brands in countries such as Colombia, Peru, Panama, Ecuador and Paraguay”, they pointed out from the Spanish firm. In this regard, the business group, of Panamanian origin, has been managing Inditex brands such as Stradivarius, Converse, Forever 21, Under Armor and Aeropostale.
The repercussion of the agreement recalled in several referents of the business world other similar situations. One of the most remembered cases was the Chilean firm falabella, which closed its operation in Argentina permanently in 2021. With a model based heavily on importing clothing, many economists expected that Zara would find it difficult to operate in the country due to current tax restrictions.
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