SPAIN: Inditex to invest EUR150m in logistics platform
Inditex has revealed plans to invest EUR150m (US$185m) in a new logistics platform in Guadalajara, Spain.
The company, which operates the Zara and Massimo Dutti chains, has signed a letter of intent to acquire 300,000 square metres to build a 70,000 square metre logistics platform. It expects to create 500 jobs through the move.
Inditex is also in the process of extending its headquarters, investing EUR100m to add 70,000 square metres to the site. The extension will see the site almost double in size and will house product development for Zara and Zara Home.
Additionally, it is investing EUR190m to build a new logistics platform for Massimo Dutti in Tordera and more than EUR60m to extend its other logistics platforms, including its Stradivarius facilities in Sallent de Llobregat, a new storage silo for hanging garments in Zaragoza, and a new silo for folded garments for folded garments for Bershka in Palafolls.
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