Inditex has reached an agreement to purchase its Finnish Zara franchise, currently operated by the Stockmann Group.

The acquisition will see Inditex directly manage the four Zara stores in Finland.

"The process is in line with Inditex's standard management formula in the immense majority of countries where the company has a sales presence," the company said.

Franchisee staff will be incorporated into the Inditex Group.

The company has been operating in Finland since 2002.