Samantha Mordi
INDITEX, owner of the multi-billion Zara brand has seen an eight percent profit jump in sales.
The fast fashion store, which see clothes go from factory to shelf in just two weeks, have overtaken Swedish H&M for the top spot
In total, the amount realised from the eye-watering turnover saw €1.3 billion increase in sales in the first half of this year.
Notoriously shy business mogul Amancio Ortega, also produces much loved fashion chains, Pull & Bear, Bershka and Massimo Dutti.
Pablo Isla, chief executive for Inditex said the sales jump was due to an impeccable ‘global business model’.
Strategic Zara, only makes its clothes on shores close to home, citing Spain, Portugal, North Africa, Turkey and Eastern Europe as reasons for its quick turnaround production time.
This year alone Zara has opened more than 80 stores, retailing its chic clothing to new audiences, Aruba, Paraguay and Nicaragua.
Owner Ortega was named the richest man in the world earlier this month, the first time a Spaniard has topped the Forbes’ 100 Richest list.
This, if proof were needed, shows Pride as the most profitable Deadly Sin.