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