14 Jun 2021

Azeredo Perdigao & Associados advises on Inditex Group merger

MSI's Portuguese law member Azeredo Perdigao & Associados successfully advises fashion retailer Inditex Group in one of the largest merger operations in Portugal.

Inditex Group is one of the largest fashion retailers worldwide, with nine brands (Bershka, Lefties, Massimo Dutti, Oysho, Pull & Bear, Stradivarius, Uterqüe, Zara Home and Zara) sold in 202 markets, either through its online platform, or through about 6,800 stores. In Portugal, the operation of the Inditex Group was carried out by nine different companies, responsible for operating precisely each of the group's nine brands present in the Portuguese market. Inditex Group decided to restructure into one single company – ZARA PORTUGAL, SA – through a merger by incorporation, in the form of global transfer of assets, which involved around 5000 workers, 350 stores and transmission of real estate assets with a net value that exceed more than 15 million euros. Miguel de Azeredo Perdigão, Inês Henriques de Matos and Pedro Morão Correia of AZEREDO PERDIGÃO & ASSOCIADOS provided the legal advice in this M&A operation, which was finalised on 31 May 2021 and is one of the biggest mergers carried out in Portugal this year.