Inditex announced Wednesday that it plans to increase its dividend by 4% this year to €1.75 a share.
The UK Advertising Standards Authority has ruled Zara’s recent ads irresponsible, citing models whose styling accentuated protruding collarbones and a gaunt appearance
The store's sales were not able to match the exorbitant rentals, a report said.
The controversy emerged when Laura Wilson, a 32-year-old mother of two from Kent, visited a Zara store and noticed t-shirts in the girls' section featuring phrases that she believed carried suggestive connotations. The clothing items displayed statements such as "The Perfect Snack" and "The Strawberry: A small burst of sweet joy" on the front.
Zara sparked a furious backlash on social media where many said it was deliberately poking fun at the violence in Gaza.
Zara's latest ad campaign features model Kristen McMenamy carrying a mannequin covered in white cloth, while other mannequins appeared to be without any limbs. The campaign is part of the brand's Atelier series.
Fashion billionaire Amancio Ortega’s real estate investments recorded a 19% increase in value in 2022, as it expanded into logistics and added luxury apartment buildings.
The property portfolio owned by the Inditex SA founder was valued at €18.1 billion ($20.1 billion) in 2022, up from €15.3 billion in 2021, according to a statement Thursday from Pontegadea, the firm that manages Ortega’s fortune. Ortega’s real estate portfolio is the largest among Europe’s “super-wealthy” individuals.