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Wed, Jun 14 2017

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Zara-owner Inditex's sales may be slowing after upbeat first quarter

MADRID Inditex , the world's biggest clothing retailer and owner of the Zara brand, stretched its lead over rivals like H&M with an 18 percent rise in first-quarter profit, but saw sales growth slow slightly in recent weeks. | Video

UPDATE 2-Zara-owner Inditex's sales may be slowing after upbeat first quarter

* Reported Q1 net profit of 654 mln euros, in line with forecasts

BRIEF-Inditex continues growth in sales on LFL basis in Spain - conf call‍​

* SAYS CONTINUES GROWTH IN SALES ON LIKE-FOR-LIKE BASIS IN SPAIN, BUSINESS CONTINUES "VERY HEALTHY"‍​

Zara-owner Inditex reports 18 pct rise in Q1 net profit

MADRID, June 14 Inditex, the world's biggest fashion retailer, reported on Wednesday a 18 percent rise in first-quarter net profit from the year before to 654 million euros ($733.40 million), in line with analysts' forecasts.

BRIEF-Inditex Q1 net profit up 18 pct YoY

* Q1 NET PROFIT 654 MILLION EUROS VERSUS 554 MILLION EUROS YEAR AGO

Zara founder shields Inditex stake to maintain family control

MADRID Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.

Exclusive: Zara owner Ortega shields Inditex stake to maintain family control

MADRID Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.

Emerging markets, online growth help Zara-owner Inditex outpace H&M

LA CORUNA, Spain/STOCKHOLM Fashion retailer H&M's sales fell unexpectedly in February while Inditex , which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence. | Video

REFILE-UPDATE 3-Emerging markets, online growth help Zara-owner Inditex outpace H&M

LA CORUNA, Spain/STOCKHOLM, March 15 Fashion retailer H&M's sales fell unexpectedly in February while Inditex, which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence.

BRIEF-Inditex's 2016 profit margin dented by currency effects - chairman

* Chairman Pablo Isla says Inditex's profit margin in percentage terms would have risen in 2016 if it had not been for negative currency effects Further company coverage: (Reporting by madrid.newsroom@thomsonreuters.com)

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