Zara owner Inditex posts big profits despite Shein's rise

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On Wednesday, Inditex, the parent company of Zara and the world's largest fashion retailer, reported a record-breaking net profit for the first quarter, despite increasing competition from the online fashion retailer Shein. Inditex, which also owns brands like Bershka, Massimo Dutti, and Pull&Bear, has delivered strong financial results, with its share price climbing in recent

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