These Fashion Giants Made Over 150 Billion, Report

Inditex Leads with Record Results Inditex, parent company of Zara, Massimo Dutti, and Bershka, secured the top spot with revenues in the tens of billions of dollars in fiscal 2023. Inditex CEO Oscar García Maceiras said, “Inditex’s performance in 2023 has been excellent.

Our teams have been able to take advantage of the opportunities to keep growing profitably.

We are investing to drive future growth and continue to offer an attractive remuneration to shareholders.” Inditex’s fast fashion business model and rapid supply chain helped drive a 10.4% sales increase to €35.9 billion, with both physical and online channels performing strongly.

Zara, the flagship brand, contributed nearly 28 billion euros to the group’s total sales in 2024. H&M Holds Second Place Swedish retailer Hennes & Mauritz (H&M) remained second, reporting net sales of 236.0 billion Swedish kronor (about 20.9 billion euros), a 6% rise over the previous year…