The Latest Breaking News from Inditex

French magistrates have dropped a probe into allegations that four fashion retailers were sourcing supplies in China involving the forced labour of the Uyghur population.

H&M, the world's second-biggest fashion retailer, reported on Thursday a surprise operating profit for the December-February period, despite weak demand as consumers curtailed spending amid soaring inflation. Operating profit in the Swedish group's fiscal first quarter was 725 million Swedish crowns ($69.73 million) against a profit of 458 million a…

Zara owner Inditex on Wednesday posted a 27% net profit increase in 2022 as sales exceeded pre-pandemic levels in the first full year since Marta Ortega, daughter of founder Amancio Ortega, took over at the helm of the company. In-store and online sales for the world's biggest fashion retailer reached…

A union representing shop assistants at fashion retailer Zara has called off planned strikes in the company's hometown in northern Spain following an agreement on a pay rise, a union leader said on Friday. Around 1,000 workers at Zara shops and other Inditex (ITX.MC) fashion brands had announced they would…

Sales at the Spanish giant behind the millennials’ favourite fashion house reach £20 billion in the year to October 31

Zara owner Inditex posted a 24% increase in net profit for the first nine months of its fiscal year, as price rises helped offset weakening global demand for clothing. The world's biggest fashion retailer's store and online sales rose 19% from a year ago, slightly faster than analysts had expected.…

Spanish billionaire Amancio Ortega is understood to have informed executives of his interest in buying Manchester United.

Amancio Ortega is the 19th-richest person in the world, according to Forbes' real-time billionaires list, and has informed senior executives of his interest in buying Manchester United.

Zara said on Friday it will launch an in-house service for British customers to sell, repair or donate second-hand clothes, moving the Spanish brand into a growing part of the market. The platform, to be launched on Nov. 3, will be available through Zara stores, its website and a mobile…

IKEA is set to join a plethora of other majors brands who have stopped trading in Russia

Western retailers are increasingly divided over whether to buy clothes made in Myanmar, a country that had emerged as one of the world's fastest-growing garment exporters before the military staged a coup last year.