Zara Owner Inditex Posts Record Profit

Zara owner Inditex, the world’s biggest fashion retailer, promised shareholders a record dividend on Wednesday after posting its highest-ever profits last year despite a complicated global backdrop. The fashion giant, which has seen a strong performance on Spain’s stock market over the past year, posted net profits of 5.4 billion euros ($5.9 billion), up 30 …

Zara to return to Ukraine after 2-year closure, FT reports

Zara is preparing to reopen the stores in Ukraine that it swiftly shuttered two years ago after Russia’s invasion of the country. The Spanish fashion giant’s owner Inditex has told local landlords that it will begin reopening its shops in Ukraine in early April, adding that the retailer plans to reopen 50 of its 80-plus stores in …