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International Business Times
International Business Times
Business

Shares In Zara Owner Inditex Sink Despite Record Profit

Inditex is 'optimistic' about its growth opportunities 'despite a particularly complex and demanding environment', chief executive Oscar Garcia Maceiras told a press conference (Credit: AFP)

Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.

The Spanish group, which owns other top brands including Massimo Dutti, Pull & Bear and Bershka, posted a net profit of 5.87 billion euros ($6.39 billion) in the fiscal year which ended on January 31.

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