The world’s largest clothing retailer is sitting on a €7bn cash pile after posting a surge in profits.
Inditex, the Spanish owner of brands including Zara, Massimo Dutti and Pull & Bear, reported a 12% jump in net profits to €2.7bn for the first month of the year.
Sales for the same period were up 7.5% to €19.8bn, while net cash reached €7.7bn after tech investment made Inditex more efficient.
