|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.98 - 13.10|
|52 Week Range||10.27 - 19.05|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||22.20|
|Forward Dividend & Yield||0.49 (3.88%)|
|Ex-Dividend Date||Apr 28, 2022|
|1y Target Est||N/A|
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The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets' market value rose by over 1 billion euros to 15.2 billion euros ($15.53 billion) in 2021. Pontegadea, the Ortega family's investment vehicle, controls a 59.29% stake in Inditex and manages a portfolio of property investments that include buildings in New York, Toronto, London and downtown Madrid. The real estate asset portfolio was worth 14.08 billion euros at the end of 2020.
After announcing brick-and-mortar store closures in January 2021, Inditex is now officially axing Zara's sister brands in China.
The TASS news agency reported on Tuesday that Zara items were being sold on Wildberries, which the Russian company confirmed. Inditex is one of many Western brands to shutter stores and suspend operations in response to Russia's actions in Ukraine, but the continued sale of some of its products highlights the difficulties companies face in keeping control of their brands. Other Inditex brands, Massimo Dutti and Pull&Bear, were also available on Wildberries, which said it would continue offering such goods to Russian consumers.