By George MacDonald8 June 2022
Fashion giant Inditex, owner of Zara, has reported a suresulrge in sales and profits but booked a substantial provision for the costs of Russia’s invasion of Ukraine.
Inditex posted revenue growth of 36% to €6.74bn (£5.73bn) in the quarter to April 30, when net income profit of €760m (£646m) was up 80% year-on-year.
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Fashion giant Inditex, owner of Zara, has reported a suresulrge in sales and profits but booked a substantial provision for the costs of Russia’s invasion of Ukraine.
https://www.retail-week.com/fashion/zara-owner-inditex-posts-sales-and-profit-rise-despite-ukraine-war-impact/7041899.article