HoopsHype Zara rumors
In one of New York City's largest ever retail condominium deals, the owner of Zara, the cheap-and-chic clothing retailer, bought a Fifth Avenue store for $324 million Friday. Zara will occupy a nearly 40,000-square-foot space at 666 Fifth Ave. that was formerly occupied by an NBA store. The chain's owner, the Inditex Group of Spain, owns seven other brands and recently passed Gap Inc. to become the world's largest apparel retailer by sales. marketwatch.com
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