The company behind Zara, the fashion retail firm, Inditex has posted a huge 32% increase in net profits.
Inditex, which is the largest clothes chain in the world, has been aggressively expanding in the emerging markets of India and China.
Net profit rose to 1.73billion Euros for the Spanish company, who boast over 55,000 stores across 77 different countries.
Asian sales, where the company has been expanding, accounted for 15% of turnover from 2010, up from 12% the year before.
The struggles felt in Spain, with their own stuttering economy had been expected to filter through to the company’s results, but Inditex actually increased their Spanish market share.
Inditex boast labels such as Massimo Dutti, Bershka, Stradivarius and Pull & Bear, after opening their first Zara store in 1975.