Zara Owner's First-Half Profit Jumps Defying Inflation Surge
Updated: 14 Sep 2022, 12:43 PM IST
TL;DR.Inditex SA reported first-half sales and earnings that topped estimates as the owner of the Zara clothing brand defied a global surge in inflation.
A shopper carries a Zara-branded bag in the old town area of Brussels, Belgium, on Monday, Aug. 29, 2022. Belgian inflation hit a 46-Year high of 9.94% as the cost of natural gas more than doubled. Photographer: Cyril Marcilhacy/Bloomberg