Zara, Inditex
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Zara owner Inditex defies Iran war concerns with strong sales as shares surge
Inditex delivered first-quarter results that exceeded analyst forecasts, with net sales climbing 5.8% to €8.7 billion and the company signalling an even stronger start to the second quarter. The firm's stock has surged over 5%. The Spanish fashion giant behind Zara, Inditex, posted net income of €1.4 billion in the first quarter, up 5.4% year-on-year and ahead of market expectations.
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