Apranga LV, the Lithuanian-controlled owner of Zara fashion stores in Latvia, closed 2015 with higher turnover and profit, according to the Firmas.lv business database.
The company posted 12.33 million euros in annual turnover compared to 11.59 million euros in 2014, while the company’s profit grew 6.5 per cent to 1.23 million euros.
The company’s management said that no new Zara stores were opened in Latvia last year. Despite the negative trends in the flow of foreign tourists, the company has managed to achieve good results thanks to the growth in l...
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