Inditex believes the exit of United Kingdom from the European Union (E) without a deal will not have any significant impact on its operations. It would basically lead to a change in the regulatory environment in which the group operates in the United Kingdom, as well as in the commercial relationship between the United Kingdom and the European Union, as the British market would be governed by the rules of the World Trade Organization (WTO). This would subject the cross-border trade to customs controls and tariffs.
It would also result in potential delays in the transit of the merchandise, economic impacts derived from the imposition of tariffs, currency fluctuation and possible restrictions on the free movement of employees, as well as those derived from contractual or management risks of key third parties.