Who owns Zara (Iceland)?
Zara (Iceland) is made and sold by Hagar (Iceland, Nasdaq Iceland: HAGA) under licence; Hagar does not own the name.[1] The Zara name is owned by Inditex.
Evidence: Hagar hf. Consolidated Financial Statements for the year ended 28 February 2026, 29 April 2026. Last checked .
Key facts
- Licensed to
- Hagar hf. reported
- Headquarters
- 🇮🇸 Iceland, Reykjavík
- Origin
- 🇪🇸 Spain
- Category
- Apparel, footwear & accessories › Fashion apparel › Fast fashion
- Parent ticker
- Nasdaq Iceland: HAGA
- Last verified
- · 1 sources
About Zara (Iceland)
Hagar lists Zara among its companies and operates the Zara shop in Iceland, which is the single specialty store counted in its Icelandic business units. The name itself is not Hagar's: Zara belongs to the Spanish group Inditex, which runs most of its own stores directly and reaches smaller markets like Iceland through local operators instead.
Ownership timeline of Zara (Iceland)
Where Zara (Iceland) sits in Hagar
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Hagar ownership tree →
See the full Hagar brand portfolio (11) →
Other brands owned by Hagar
Hagar controls 12 brands on Brandtree.
Other brands in fast fashion, and who owns them
The 24 brands in fast fashion on Brandtree belong to 16 owners. The largest is ASOS, with 3.
| Brand | Owner | Owner based in |
|---|---|---|
| ASOS Design | ASOS | 🇬🇧 United Kingdom |
| boohoo | Debenhams Group | 🇬🇧 United Kingdom |
| FOX | Fox Group | 🇮🇱 Israel |
| ONLY | Heartland | 🇩🇰 Denmark |
| Reserved | LPP | 🇵🇱 Poland |
| Mr Price | Mr Price Group | 🇿🇦 South Africa |
| ROMWE | Shein | 🇸🇬 Singapore |
| Forever 21 | Authentic Brands | 🇺🇸 United States |
About the owner: Hagar
Hagar is a publicly listed company headquartered in Reykjavík, Iceland.
Hagar is the largest grocery retailer in Iceland and is listed on the main market of Nasdaq Iceland. It runs eight business units at home — 40 grocery stores, 22 Olís service stations, 45 ÓB self-service fuel stations, two warehouses, a production facility, a wholesale store and a specialty store — and owns SMS, the market leader in the Faroe Islands, along with an online alcohol shop in the Netherlands. That makes it central to the price of food in Iceland: when the country argues about the cost of groceries it is largely arguing about Bónus and Hagkaup. Group profit for the 2025/26 year was ISK 7,394 million on EBITDA of ISK 18,129 million.
🇪🇸 Zara (Iceland) and other Spanish brands
Brandtree records a controlling owner for 122 brands that began in Spain. 59 of them (48%) are now controlled by a company headquartered in another country, Zara (Iceland) among them.
- Balenciaga — Kering 🇫🇷
- Bershka — Pontegadea 🇪🇸
- Cortefiel — Tendam 🇪🇸
- Loewe — LVMH 🇫🇷
- Mango — Mango 🇪🇸
- Medical Óptica Audición — Fielmann Group 🇩🇪
Frequently asked questions
Who makes Zara (Iceland)?
Hagar makes and sells Zara (Iceland) under a licensing agreement.
Does Hagar own Zara (Iceland)?
No. Hagar holds a licence to make and sell Zara (Iceland), which is not the same as owning it. The name belongs to Inditex.
Who owns the Zara (Iceland) name?
Inditex owns the Zara (Iceland) trademark. Hagar pays to use it.
Where did Zara (Iceland) come from?
Zara (Iceland) originated in Spain.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Hagar hf. Consolidated Financial Statements for the year ended 28 February 2026 — Hagar hf., Annual report, published 29 April 2026; retrieved 21 September 2026.
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