ARTEIXO – Zara owner Inditex has announced positive financial results for its third quarter, and the company is now investing in UK biotech start-up Epoch Biodesign which uses enzymes to break down textile waste at room temperature.
Inditex’s sales grew 7.1% to reach €27.4bn ($29bn), its net income rose by 8.5% to €4.4bn ($4.6bn) and its gross profit increased by 7.2% to €16.3bn ($17.2bn) – below analysts expectations.
