Zara owner Inditex posts record net profit for 2023
Wednesday, 13 March 2024
Zara owner Inditex, the world's biggest fashion retailer, on Wednesday reported its highest-ever profits in 2023 thanks to buoyant sales and its policy of raising prices. Its net profit reached 5.4 billion euros ($5.9 billion) last year, up 30 percent from 4.1 billion euros in 2022, which also was a record for the fashion giant whose eight brands include younger chain Pull&Bear and upmarket label Massimo Dutti.
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