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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)