LONDON — Business is booming at Inditex, parent of brands including Zara and Massimo Dutti, and the company continues to expand, with capital expenditure in 2012-13 hitting one billion euros, or $1.3 billion.
On Wednesday, Inditex said net income climbed 21.7 percent to 712 million euros, or $918.5 million, in the three months to Oct. 31. Sales in the period advanced 17.8 percent to 4.12 billion, or $5.31 billion, the company said.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"