Zara-owner Inditex to trim investment after strong sales

La Coruna, Spain: Spanish group Inditex, owner of the Zara fashion chain, expects to trim investment in 2015 after a recovery in its biggest European markets alongside a store and online expansion boosted profit by 5 per cent. The world’s biggest fashion retailer, based just outside La Coruna at Spain’s northwestern tip, said it expected capital expenditure to fall to about €1.35 billion (Dh5.2 billion) this year, from €1.396 billion last year. Chairman and Chief Executive Pablo Isla told a conference call for analysts he expected capital expenditure to remain below the rate of space growth in 2015 and 2016.