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Founder of Zara’s parent company to buy U.S. warehouses

Reuters/U.S. News & World Report 09/13/2022

Amancio Ortega, the founder of Zara’s parent company, Inditex, is in talks to acquire several warehouses in the U.S. for $905 million that are rented by Amazon.com and FedEx . The planned acquisitions follow two others made by Mr. Ortega in recent months. He acquired a distribution center in Wisconsin for $35 million and another in Pennsylvania for $148 million.

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