This clothing company whose CEO is richer than Warren Buffett is blowing the competition out of the water
Ashley Lutz
Zara's business is on fire.
Inditex, the fast-fashion retailer's parent company based in Spain, recently said profits in the first quarter jumped by a whopping 28%. Sales were up by an impressive 14%.
Zara's mysterious founder, Amancio Ortega, is now the world's second-richest man — surpassing even Warren Buffet.
The retailer, which sells trendy men's and women's clothing, is also opening hundreds of new stores, most notably in Taiwan, Hong Kong, and Macau. The brand is also expanding in the US.
NOW WATCH: It's official: Michael Kors isn't cool anymore
See Also:
- Here are the plans for the original Shake Shack scribbled on a scrap of paper
- This might be the fanciest McDonald's in the world
- A mother is calling out Target for this sign in the store
SEE ALSO: A mysterious retail guru most people have never heard of just became richer than Warren Buffett
Follow Us: On Facebook