Inditex's profits flatten for first time in 13 years
Inditex, the Spanish fashion giant behind Zara, has reported a flattening in its profits for 2013.
The world's largest clothing retailer said net income for the 12 months to the end of January rose by just 1% to 2.4bn euros ($3.3bn; £2bn).
Inditex owns eight chains, including Massimo Dutti, Bershka and Pull and Bear, across five continents.
The firm was hit by refurbishing costs and weakening currencies, as Victoria Fritz reports.
19 Mar 2014
- From the section Business