Inditex’s Zara empire continues to grow

14th June, 2015
The empire pays off: a 27 per cent stock surge makes Amancio Ortega, the founder of Zara parent Inditex, the world's second-richest man

Zara owner Inditex saw first-quarter profits jump almost 30 per cent as it opened new stores.

Inditex has opened over 400 stores annually over the past five years. The world’s largest clothing retailer also benefitted from the weak euro and signalled that so far, revenue growth has accelerated in the second quarter.

A 27 per cent surge in Inditex’s stock price this year puts founder Amancio Ortega’s wealth second only to Bill Gates in the...

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