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Turkish Lira's Plunge Brings Cost Relief for Zara Owner

Bloomberg
Turkish Lira's Plunge Brings Cost Relief for Zara Owner

The crash in the lira could boost Inditex SA, the Spanish owner of the Zara brand, by lowering its costs for making clothes in Turkey, a key manufacturing base, even as the economic crisis there threatens to hit customer demand. Turkey, whose currency plummeted as much as 17 percent against the dollar