Inditex overtakes Kering in market value — Zara worth more than Gucci's owner

Spanish fashion giant Inditex, best known for the Zara brand, has reached a market capitalisation of nearly 170 billion euros, surpassing French luxury group Kering, which owns Gucci. The company's shares have surged over 160 percent since their 2023 low. Analysts suggest Inditex could soon overtake Hermès in market value as well.