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It seems the margins are high when you get into the fast fashion game, at least, for Zara. The retailer's parent company, Inditex, recently surpassed previous valuations, making the company worth £á100 billion, or roughly $109 billion. Yes, that's billion, with a B.
Nike Shox Turbo 12 Deals, Announced Wednesday, Inditex's stock climbed up by 36 percent in the past year, making over £á32 a share. Not only does this make Inditex the most valuable company in its native Spain, but also values the company well above other apparel giants like Nike and H&M, who are valued at roughly $86 billion, and $59 billion respectively.
This development explains why company founder,? Amancio Ortega, is the second richest man in the world ; second only to (you guessed it) Microsoft's Bill Gates. Ortega is currently estimated to have a personal wealth of nearly $73 billion.
Nike Air Max 2016 Nike Shox Turbo 12 Deals While Zara may be the perfect place to grab a reasonably priced, last-minute (and possibly knocked-off ) outfit, it also seems like the best place to score a profit too.?