There are a couple of factors that make the state more "volatile" and likely to deliver upsets, Dr Mols says.
Asked how much of a threat Shein and Temu's success poses to Zara, Mr Maceiras stresses that its business model doesn't rely on price."Of course, we are looking at providing our customers our products at an affordable price. But for us, it's critical to provide customers fashion that should be inspirational, with quality, creativity and sustainable."
Zara has come a long way since its founder Amancio Ortega started the business.The company is still majority-owned by his family and his daughter Marta is now chairwoman of the group.Now aged 89, Mr Ortega remains famously reclusive but still pops in, according to Mr Maceiras.
"He's a presence, a physical or moral presence, absolutely every day."Acclaimed Russian ballet choreographer, Yuri Grigorovich, has died aged 98.
Described as one of the greatest choreographers of the 20th century, he was artistic director of the Bolshoi Ballet from 1964 to 1995, which he is said to have led with an iron fist.
Grigorovich's productions of the Stone Flower, Ivan the Terrible and Romeo and Juliet redefined Soviet ballet. Praised for revitalising male dance, he created parts for men demanding exceptional strength and artistry.Pre-season matches begin, including overseas tours
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