MADRID, Spain — Spanish fashion retailer Inditex, which owns Zara stores, says its net profit fell by 7.3 percent in the first quarter as a strong euro dented earnings in other currencies.
MADRID, Spain — The world's largest fashion retailer, Inditex, shows no sign of stalling and investors are betting that its Zara "fast fashion" model has plenty of room to expand in emerging markets by appealing to the growing ranks of brand-conscious middle classes.
MADRID, Spain — The daughter of Inditex SA co-founder Amancio Ortega became Spain’s richest woman after inheriting her mother’s stake in the world largest clothing retailer.
MADRID, Spain — The fourth day of Paris Fashion Week saw Raf Simons unveil the latest chapter of his journey after nearly a year at the design helm of Christian Dior. Following his acclaimed debut last year, the pressure has been stacked on the Belgian designer to deliver again in what is only his second ready-to-wear show in one of the most influential jobs in fashion. Spain's Amancio Ortega, elevated by Forbes to become the third
How Zara clothes turned Galicia into retail hotspot (Reuters) “The green, rainy region of Galicia in northwest Spain is best-known as the destination for pilgrims hiking the Camino de Santiago to pay tribute at the remains of apostle Saint James… But a different kind of pilgrim also makes the journey here — retail sector analysts visiting the headquarters of Spain’s most successful modern export, Zara
End of the line for Zara tsar (Independent) “Amancio Ortega, the wealthiest man in Spain and perhaps one of the world’s most reclusive moguls, has tiptoed into the spotlight this week by announcing his imminent retirement from the fast-fashion giant Inditex… which he founded with a single store in La Coruna 35 years ago.” Who’s Buying All That Luxury? Not the Rich (WSJ) “Luxury is soaring again…