Zara owner Inditex posts record annual profit
International Desk
Zara owner Inditex, the world's biggest fashion retailer, reported a record annual profit for the third consecutive year on Wednesday due to dynamic sales and higher prices.
The Spanish group, which owns seven 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, up from 5.38 billion euros in 2023, which was also a record.
