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Updated Thursday, July 15, 2010 10:48 pm TWN, AFP

Spain's Inditex says to expand operations in Australia, S. Africa

MADRID -- Spain's Inditex, Europe's largest clothing retailer, said Tuesday it would move into Australia and South Africa next year as the Zara owner pushes ahead with its aggressive international expansion. The decision to enter the two new markets was announced at the company's annual general meeting at its headquarters at Arteixo in northwestern Spain, it said in a statement.

Of the 343 new stores that the retailer, whose other brands include Massimo Dutti and Bershka, opened last year, 98 percent were outside of Spain. Inditex opened its first stores in Syria in 2009 while so far this year it has expanded into Bulgaria, India and Kazakhstan, brining the total number of markets in which it is present to 77. It plans to open between 365 and 425 stores this year.

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