
The world's biggest clothing group, Spain's Inditex which controls the Zara brand, posted Wednesday a record 2012 net profit as strong sales abroad, especially in Asia, and a global expansion offset belt-tightening by its domestic consumers. The company said its 2012 net profit rose 22 percent to 2.36 billion euros ($3.07 billion) in the 12 months ending on January 31 while sales were up 16 percent to 15.9 billion euros. Inditex, founded 40 years ago in Arteixo, Galicia, by billionaire Amancio Ortega, the son of a railwayman, reported a net opening of 482 stores during the period, including 121 in China. The company, whose other brands include Bershka, Massimo Dutti and Pull and Bear, now has 6,009 stores in 86 countries. Spain, which is undergoing a double-dip recession, accounted for 21 percent of its sales, down from 25 percent in the previous 12-month period.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor