Reuters - Video

Edition: US | UK | IN | CN | JP

video Business

Warm weather chills Zara owner Inditex & UK's Superdry

Wednesday, December 12, 2018 - 01:32

Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage. As Pascale Davies reports, Britain's Superdry was also hit by better weather - its shares fell by a third after a second profit warning in three months

▲ Hide Transcript

View Transcript

Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage. As Pascale Davies reports, Britain's Superdry was also hit by better weather - its shares fell by a third after a second profit warning in three months

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Warm weather chills Zara owner Inditex & UK's Superdry

Wednesday, December 12, 2018 - 01:32