The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Zara owner Inditex said on Wednesday its net profit jumped 32.5 percent jump in February-October, but the fast fashion giant’s sales growth in the nine-month period slowed down from a year ago amid tougher times for consumers.
The world’s biggest fashion retailer said its net profit rose to €4.1 billion ($4.42 billion) in line with analysts, most of whom are still betting on the company’s ability to sell fashion faster and drawing more aspirational shoppers.
By Corina Pons; Editor: Inti Landauro
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Inditex Places Order for Recycled Fibres Amid Industry Effort to Quell Market Jitters
The Zara-owner will buy 2,000 tonnes of fibre made using raw materials from Renewcell, sending a signal of support after a weak sales update sent the Swedish recycler’s share price plunging this month.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.