Fashion frenzy

A BRAND­new report has unveiled Spain’s fashion powerhouses’ incredible performance in 2022!

Following a steady pandemic rebound starting in 2021, the country’s top 10 fashion distribution groups achieved doubledigit sales growth, totalling over €42 billion, according to figures released on Thursday, July 20.

Fashion fever has apparently taken over, with industry leaders enjoying a 19.4 per cent surge in revenues.

Inditex, under the reign of Marta Ortega, has enjoyed a remarkable record­breaking year, driven by price increases and strategies. The group owns some of the country’s biggest brands including Zara, Pull & Bear, and Stradivarius.

Puig, the beauty and fashion giant, confidently holds its posi­ tion as a runner­up. The Barcelona­based distributor owns brands including Paco Rabanne, and Jean Paul Gaultier in Spain.

Mango came in third place in the report. Mango’s business plan’s fruits have ripened, with exciting expansions, like a flagship store on New York’s Fifth Avenue, and new brand sponsorships, sparking new interest.

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