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

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

Zara The 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.

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Joe Duggan (Reporter)

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