GTSF-Inditex

completed

This project is proposed under the Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board in September 2010. Under GTSF, IFC provides short-term financing to suppliers (“Suppliers”) in emerging markets selling to large companies (“Buyers”) on open account terms. Under this project, IFC will provide financing to Suppliers to Industrial de Diseño Textil S.A., (“Inditex” or the “Group”) based in multiple emerging market countries. IFC’s investments will be in the form of funded or unfunded participations with commercial banks or directly through independent supply chain finance platforms.Inditex which was formally established in 1985, is a fashion distribution group, with more than 6,000 retail stores in 82 countries. Inditex operates the Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe brands, and sources garments, shoes and accessories from more than 1,400 suppliers in over 40 countries. Inditex also has its own manufacturing facilities based in Arteixo, Spain.