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Zara parent company Inditex posts more than 22% income growth

Zara’s parent company Inditex posted a 22% rise in net income globally last year, with sales continuing to grow this year.

During the year to January 31, 2013, net income rose more than 20% to €2.3bn (£2bn).

The group, which owns the Zara, Massimo Dutti, Bershka and Pull and Bear chains, delivered a 16% rise in net sales up to €15.9bn (£13.9bn).

Like-for-like sales rose by 6% during Inditex’s 2012 financial year.

Sales so far this year have continued to grow, with a 12% increase in the period from February 1 to March 11.

During the year the group created 10,802 new jobs around the world, bringing its total workforce to 120,314 employees.

Inditex had 6,009 stores at the end of 2012, 482 more than the year before.

In 2012 the group continued to expand its portfolio of stores, including a new Zara store at 460-490 Oxford Street in London, which showcased Zara’s revamped store image.

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