OREANDA-NEWS. 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 fourth time the franchise agreements regarding Zara, Bershka, Pull and Bear, Stradivarius and Massimo Dutti brands development in the Baltic States until 2018.

The collaboration between Apranga Group and Inditex has started in 2004. Currently Apranga Group runs 42 stores of Inditex chain: 11 Zara, 8 Bershka, 8 Pull and Bear, 6 Stradivarius, 8 Massimo Dutti and 1 Zara Home. The general area of these stores is 33.6 thousand sq. m.

The net sales of Inditex Group were EUR 18.1 billion in 2014, and have increased by 8% during the year. There were 6 683 “Inditex” group stores opened in 88 countries of the world on 31 January 2015, 873 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 Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.