Zara owner Inditex posts sales and profits surge

Zara store

Inditex, owner of businesses including Zara, has reported rocketing annual sales and profits.

Inditex, which also runs fascias including Pull & Bear as well as Zara, generated a 36% sales uplift last year to €27.7bn. That was 3% up on 2019 on a local currency basis and down 2% net. 

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