Aug
20
Madrid: Success stories are thin on the ground in Spain these days but Inditex, the retail clothing giant that includes Zara, appears immune to the slings and arrows of misfortune. Last week its founder, Amancio Ortega, was named by Bloomberg as the third richest man in the world, with a personal fortune of €37.5 billion (Dh170.19 billion). The company, the world’s biggest clothing retailer, has tripled its stock market value over the past three years, with profits up 30 per cent on 2011 for the first quarter of this year.
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