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Profits and sales rise at Inditex

Net profits at Spanish retail giant Inditex rose by 18% to €654m (£573m) in the first quarter of 2017 as the group continues to expand internationally.

Sales on a constant currency basis also grew, rising 12.5%.

Zara launched online in Malaysia, Thailand, Singapore and Vietnam during the quarter and will go live in India during the second half of this year. It opened a flagship Indian store in May.

Several Inditex fascias opened new European flagships, including a Pull & Bear store in Paris and Oysho, the group’s gym wear brand, in Turin.

The company distributed €42m (£37m) among 84,000 employees in April this year as part of a employee profit-sharing plan.

 

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