Zara owner Inditex boosts sales with rapid online expansion June 12, 2019 Zara owner Inditex defied a weak retail market to boost sales at the beginning of the second quarter as its global expansion gathered pace. The world’s biggest clothing retailer bounced back from a weak start to the year, damaged by cold weather, reporting a 9.5 per cent sales jump in the period from 1 May [...]
Zara owner Inditex falls short of market expectations despite rise in profit December 12, 2018 Fashion group Zara’s parent company Inditex fell short of market expectations today as currency effects weighed on the world’s largest clothing retailer. Shares in the Spanish firm, which is controlled by billionaire tycoon Amancio Ortega, tumbled four per cent in trading after missing estimates for third-quarter profits and sales. The group, which is highly sensitive [...]
Perella Weinberg partners take home slice of £16m profit September 12, 2018 Bankers at M&A advisory firm Perella Weinberg took home a slice of £16m profit last year. Operating profit for last year was £16.4m, almost double the £8.4m reported in 2016, and was divided between eight partners working for the investment bank in the City. Read more: Profits bounce back at Galliford Try but bypass woes loom The highest paid [...]
Perella Weinberg partners take home slice of £16m profit September 12, 2018 Bankers at M&A advisory firm Perella Weinberg took home a slice of £16m profit last year. Operating profit for last year was £16.4m, almost double the £8.4m reported in 2016, and was divided between eight partners working for the investment bank in the City. Read more: Profits bounce back at Galliford Try but bypass woes loom The highest paid [...]
Zara owner Inditex sales creep up as it expects profits to boom in second half September 12, 2018 The Spanish owner of high street store Zara Inditex today reported a steady increase in sales in the first half of the year. The figures The world's biggest clothing retail group said sales rose three per cent in the first six months of 2018, just surpassing €12bn (£10.7bn) for the first time. Net profit beat first half records, [...]
These are the stocks to long and hortin the aftermath of Italy’s general election, according to algos at Quant Insight March 4, 2018 Italy’s general election today could have profound consequences on European markets, and certain stocks will be winners or losers. Analytics firm Quant Insight, which counts a number of global asset managers and hedge funds on its books, uses powerful algorithms to track which stock could benefit from specified outcomes. Ladbrokes Coral, Capita, Royal Dutch Shell [...]
Primark hires former Zara Basic head Paula Dumont Lopez in bid to move up the clothing retailer ranks December 23, 2017 Primark has pulled in Paula Dumont Lopez, a former head of product at Zara Basic, as its new womenswear chief. The budget high street chain, which currently lags Marks and Spencer (M&S) and Next as the UK’s third largest clothing retailer, is to begin in January next year. Read more: Next’s sales return to growth [...]
Bumper payday for Amancio Ortega as profits at Zara parent Inditex jump 10 per cent March 15, 2017 The owner of Zara, Pull & Bear and Massimo Dutti has reported a 10 per cent increase in full year net profit – leaving founder Amancio Ortega, one of the world's richest men, with a bumper €1.3bn (£1.1bn) payout. Profits at Inditex, the world's largest fashion retailer by sales, rose from €2.88bn to €3.16bn in the year [...]
H&M profits get a small boost as new store opening on the cards January 31, 2017 Fashion darling H&M today revealed a small increase in profit after missing estimates for five of the previous six quarters. The figures The Spanish retailer's profits after tax stood at £1.7bn (18.636bn kronor) in the year ending 30 November 2016. Sales in the first 29 days of this month rose 11 percent at constant currency rates, up [...]
H&M’s share price falls after sales figures disappoint January 16, 2017 Swedish international clothing retailer H&M's share price fell 2.76 per cent in trading today after it reported disappointing Christmas sales figures. The group's total sales in December rose six per cent year-on-year in local currencies, but analysts had forecast a sales increase of eight per cent. Read more: Bow down, John Lewis – H&M drops a Christmas [...]