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The Latest Breaking News from Inditex

Zara parent Inditex sees retail profits surge to €2.8 billion as its new collection lures more shoppers

Inditex, which also owns Pull&Bear, Bershka, Massimo Dutti, and Stradivarius, said its spring and summer collections were "very well received."

Fortune

The Centibillionaires Club: 15 People Worth Over $100 Billion And Three More About To Join Their Ranks

Although there are only 15 centibillionaires, their combined wealth is around $2.3 trillion, according to the Bloomberg Billionaires Index.

International Business Times UK

There are only 15 people whose wealth is greater than $100 billion (and some would be richer if they weren't giving it away)

LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

Fortune

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Oysho is the best high street store you’ve never heard of - and here are my 12 must-have items

From innovative sportswear to the best swimsuits this brand will be your new go-to

Woman & Home

Inditex Shares Reach Record High On Spring Season Boost

Inditex, owner of Zara, sees record high shares after strong spring sales, reflecting its global appeal and strategic approach in the fashion industry.

Top News

Zara owner Inditex's profits soar as it fends off Shein challenge

The surge in profits comes in contrast to struggling rivals including the UK’s Boohoo and ASOS

Evening Standard

Spain's Mango Clothing Chain Ramps Up Global Expansion

Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants.

International Business Times

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Zara and Bershka owner Inditex records double digit sales growth

A strong customer response to Autumn and Winter collections has helped fuel a double digit sales jump at Inditex, the world’s largest clothing retailer behind chains such as Zara.

Evening Standard

Zara Pulls Controversial Ad From Online But Denies It Was In Any Way Inspired By Gaza

"You can release a statement saying you’ve been misunderstood, but what people condemn, including me, is your abhorring insensitivity."

Pedestrian.tv

Zara pulls controversial ad from website after Gaza boycott calls

Inditex, the company that owns Zara, says the change was part of a normal process of refreshing content.

Al Jazeera

The EU Is Successfully Pushing Fast Fashion Brands Towards Sustainability

Some 5.8 million tonnes of garment materials are discarded each year, in response, fast-fashion brands have pledged to reverse the effects of "overproduction and overconsumption of clothing".

International Business Times UK

‘Substantial volume’ of clothing tied to Uyghur forced labour entering EU, says study

Calls for legislation after dozens of brands identified as being at risk of sourcing materials linked to China’s transfer programmes

The Guardian - UK

Fashion Power 100 revealed: the hottest industry style players ranked

From designer heavyweights to industry titans and trending ingenues, the Standard has ranked the style world’s most significant figures of 2023 from one to 100

Evening Standard

Fast fashion's waste problem could be solved by recycled textiles but brands need to help boost production

Earlier this year, fast fashion retailer Zara released its first womenswear collection made of recycled poly-cotton textile waste. The collection is available for sale in 11 countries, helping clothing made of blended textile waste reach the mass market.

The Conversation

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Fortune

$90 Barbie dress helps drives Zara growth

Zara owner Inditex has revealed a sharp rise in profits despite inflationary pressures - thanks in part to a Barbie capsule collection.

Evening Standard

Zara and Bershka parent Inditex reveals sales leap

Inditex, the world’s biggest fashion retailer behind chains such as Zara, Massimo Dutti and Bershka, has continued a “hot streak” and revealed first half sales jumped 13.5% to reach €16.9 billion (£14.6 billion).

Fortune

H&M will stop operations in Myanmar following allegations of worker abuse

The Swedish retailer, which said it would "phase out" operations in Myanmar, has about 42,000 employees in the country across several factories.

Al Jazeera

H&M probes alleged Myanmar factory abuses as pressure intensifies

A human rights group tracked 156 cases of alleged worker abuse in Myanmar garment factories at various brands.

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news in one place.

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Radio France Internationale

France drops fashion groups probe over Uyghur forced labour

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.

Asharq Al-Awsat

Fashion Retailer H&M Posts Surprise Dec-Feb Profit

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…

Asharq Al-Awsat

Zara Owner Inditex’s Profit Jump in First Year with Marta Ortega at Helm

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…

Asharq Al-Awsat

Zara Shopworkers Call off Strikes in Company’s Hometown After Pay Rise Deal

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…

Evening Standard

Fast-fashion customers stick with Zara as sales and profits rise at its owner Inditex

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

Asharq Al-Awsat

Inditex Profit Jumps as Zara Owner Lifts Prices

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.…

Manchester Evening News

Who is Amancio Ortega? The Spanish billionaire interested in buying Manchester United

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

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People

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