Zara owner Inditex profits rise as quick-trend model pays off
Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shop racks.
(AFP) Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shop racks.
The world's largest fashion retailer by turnover, owned by the publicity-shy Amancio Ortega who has become the world's second richest man, said higher clothes sales and a rise in new stores around the globe drove the eight-percent jump.
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