The current chairman of Inditex, D. Paul Island, has said that the economic crisis in Spain can not be an excuse for companies not meeting their business plans and grow. In the case of the multinational Galician ‘plans have been metand we will grow this year as well, as evidenced by the opening this weekgoing to do one of the major stores for our company, located in the famous Fifth Avenue new York. “

This facility, which will be officially opened on Wednesday and will house the largest Zara store in the U.S. and will be a symbol for the company, an investment of 350 million euros in the purchase of the building, which is an exception the multinational textile Galician local rents and not normallypurchase. The other location on Fifth Avenue that housed also assign the token to Zara Massimo Dutti, another group of firms as will the landing of theU.S. insignia.

The local purchase of Fifth Avenue in New York is added to the purchase of another in Milan, in the famous Galleria Vittorio Manuele, by 105 million euros.

On the kind of “war” in the area open after the announcement of handle that reduces 20% the price of all items, the Chairman of Inditex says it respects anddoes not comment on the decisions of its competitors but clear, immediatelyfollowed that Inditex will not change its pricing policy, “stable since Spain joined the euro.”

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