Zara owners’ profits surge by over 25% as Spanish jobs boosted

LAST UPDATED: 29 Sep, 2015 @ 23:20
0
SHARE

SPANISH multinational clothing company Inditex, owners of retail giant Zara, has seen profits soar by a quarter this year.

ZaraThe company, which also owns Pull & Bear and Massimo Dutti, recorded net profits of €1.17bn between February and July, up 26% on the same period last year.

The warm weather has boosted sales over the summer, with Inditex selling two-thirds of its clothes in Europe.

They also created 2,532 new jobs in Spain and added 94 new outlets worldwide.



Gib Rocks - the magazine for Gibraltar

Subscribe: Olive Press news to your inbox

BE THE FIRST TO COMMENT...

HAVE YOUR SAY...