Inditex, the parent of fashion giant Zara, has reported an 8pc increase in gross profit to €11.5bn in the nine months to 31 October. Inditex, the parent of fashion giant Zara, has reported an 8pc increase in gross profit to €11.5bn in the nine months to 31 October. Net sales during the nine month period reached €19.8bn, up 7.5pc year-on-year, according to interim results for the Spanish group. It added that the implementation of efficiencies has resulted in operating expenses being tightly managed over the nine months. At the end of the nine months Inditex operated 7,486 stores in 96 markets.

Source: Irish Independent December 11, 2019 09:00 UTC