Editor
Zara owner Inditex SA is struggling to reverse an earnings decline at its formal-wear chain Massimo Dutti as mid-range officewear is hit particularly hard by the cost-of-living crisis.
Earnings from the brand dropped 9.6 percent in the past fiscal year, Inditex reported Wednesday. Revenue stood at €1.6 billion ($1.7 billion), 16 percent below the level of 2019, making Massimo Dutti the only Inditex chain that hasn’t yet recovered from the…
