OREANDA-NEWS. June 08, 2011. The leader of  retail apparel market in Lithuania and the Baltic States Apranga Group and  world's leading fashion retailer Inditex have agreed to prolong franchise agreements regarding Zara, Bershka, Pull and Bear and Stradivarius brands  development in the Baltic States until 2014.

 The collaboration between Apranga Group and Inditex has started in 2004. The  franchise agreements were prolonged in 2008. First Zara chain store in the  Baltic States was opened in August 2007, first Bershka chain store – in  February 2006, first Pull and Bear chain store - in August 2006, and first  Stradivarius - in April 2008.

 Currently Apranga Group runs 32 stores of Inditex chain: 10 Zara, 8 Bershka, 8  Pull and Bear and 6 Stradivarius. The general area of these stores is 24.5  thousand sq. m.

 The net sales of Inditex Group were EUR 12.5 billion in 2010, and have  increased by 13% during the year. There were 5 044 “Inditex” group stores  opened in 77 countries of the world on 31 January 2011, 710 of which were  operated under franchise agreements. The turnover of franchise stores comprised  14% of the total “Inditex” group's turnover.

 Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock  Exchange. Majority shareholder of Apranga Group is concern MG Baltic.