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Bale becomes playable character in golf video game
  + stars: | 2023-09-16 | by ( ) www.reuters.com   time to read: +1 min
Golf - European Tour - BMW PGA Championship - Wentworth, Virginia Water, Britain - September 14, 2023 Former footballer Gareth Bale is seen during the first round Action Images via Reuters/Paul Childs/file photo Acquire Licensing RightsSept 16 (Reuters) - Gareth Bale's love for golf has been well-documented and the former Real Madrid and Wales forward has swapped the pitch for the green after becoming a playable character in the PGA Tour 2K23 video game. Bale, 34, made his PGA Tour debut at the Pebble Beach Pro-Am in February after calling time on his glittering soccer career at the start of the year. The former Wales captain, who featured on the cover of Electronic Arts' FIFA 14 video game alongside Lionel Messi, has now been added to PGA Tour 2K23, which includes a course custom-designed by him. I'm here getting scanned in PGA Tour 2K23," he said in a video shared on social media. Bale's tally of 111 caps and 41 international goals are both records for the Wales men's team.
Persons: Gareth Bale, Paul Childs, Gareth Bale's, Bale, Rory McIlroy, Lionel Messi, I'm Gareth Bale, I'm, Hritika Sharma, Kim Coghill Organizations: BMW, Wentworth, Real, PGA, Wales, Electronic Arts, FIFA, Southampton, Tottenham Hotspur, Wales men's, Thomson Locations: Wentworth , Virginia Water, Britain, Real Madrid, Wales, Madrid, Qatar, Hyderabad
London CNN —Four players from Real Madrid’s reserve teams are being investigated by police after a mother alleged videos of a sexual nature involving her 16-year-old daughter were circulated without her consent. Three players were arrested and later released after their mobile phones were seized, according to a statement issued by Spain’s Guardia Civil. The daughter was in a consensual relationship with a player, the statement added. Police sources told CNN that the videos were shared by the players. “When the club has detailed knowledge of the facts, we will take the appropriate measures,” the statement added.
Persons: Spain’s, San Bartolomé de, , Organizations: London CNN —, Real Madrid’s, Guardia Civil, CNN, Real Madrid, Real Madrid C, Civil Guard, ” Castilla Locations: Spain’s Guardia, San Bartolomé, Canary, Castilla, Real
Hermoso says that she did not want to be kissed and that she felt "vulnerable and victim of an aggression". After weeks of resisting calls to step down as president of the Royal Spanish Football Federation (RFEF), Rubiales finally quit on Sept. 10. He maintains the Hermoso kiss was "spontaneous, mutual, euphoric and consensual". SPANISH CRIMINAL PROCEEDINGSRubiales appeared before a High Court judge on Friday over a complaint of sexual assault and coercion stemming from the allegedly unsolicited kiss. Rubiales had been provisionally suspended for three months from all football-related activities by world soccer governing body FIFA since Aug. 26.
Persons: Royal Spanish Football Federation Luis Rubiales, Kim Hong, Luis Rubiales, Jenni Hermoso's, Hermoso, Rubiales, Marta Durantez Gil, Francisco de Jorge, TAD, Queen Letizia, Sofia, Emma Pinedo, Rohith Nair, Andrei Khalip, Hugh Lawson Organizations: Soccer Football, FIFA World, Qatar, Khalifa, Royal Spanish Football Federation, REUTERS, Rights, FIFA, Administrative, Sports Council, Spain's women's, Thomson Locations: Japan, Spain, Doha, Qatar, Rights MADRID, Spanish, Hermoso, Bangalore
Former president of the Royal Spanish Football Federation Luis Rubiales is pictured after leaving the high court in Madrid, Spain - September 15, 2023 REUTERS/Isabel Infantes Acquire Licensing RightsMADRID, Sept 15 (Reuters) - An investigating judge at Spain's High Court has imposed a restraining order to prevent former soccer chief Luis Rubiales approaching national team player Jenni Hermoso, after he appeared in court to be investigated for sexual assault for kissing her on the lips. The incident, which occurred at the medal ceremony after Spain's women's team won the World Cup in Sydney, Australia, on Aug. 20, has triggered a furore over sexism in Spanish sport and society and prompted protests similar to the "Me Too" movement. Reporting by Emma Pinedo; Writing by David Latona; Editing by Charlie DevereuxOur Standards: The Thomson Reuters Trust Principles.
Persons: Royal Spanish Football Federation Luis Rubiales, Isabel Infantes, Luis Rubiales, Jenni Hermoso, Spain's women's, Emma Pinedo, David Latona, Charlie Devereux Organizations: Royal Spanish Football Federation, REUTERS, Rights, Spain's, Thomson Locations: Madrid, Spain, Rights MADRID, Sydney, Australia
MADRID (AP) — Luis Rubiales, the former president of the Spanish soccer federation, denied any wrongdoing when questioned by a judge investigating his kissing a player on the lips last month at the Women’s World Cup, Spain's state prosecutors' office said Friday. He said she had consented to the kiss, but Hermoso has denied that repeatedly. Spanish state prosecutors formally accused Rubiales last week of sexual assault and an act of coercion. According to Hermoso, Rubiales pressured her to speak out in his defense immediately after the scandal erupted. The state prosecutors’ office said Rubiales denied both accusations when answering questions by the judge in an hour-long hearing that was closed to the public.
Persons: — Luis Rubiales, Judge Francisco de Jorge, Rubiales, Jenni Hermoso, Hermoso, Olga Tubau, Carla Vall i Duran, ” Vall, Duran, De Jorge, ___ Wilson, ___ Organizations: MADRID, Spain’s, Spain, England, National Court, Rubiales, FIFA Locations: Spanish, Spain, Sydney, Australia, Barcelona
“We wish to end this statement expressing that the players of the Spanish women’s national team are professional players, and what most fills us with pride is putting on the shirt of the national team and always taking our country to the highest places. World players’ union FIFPRO posted on X in support of the players’ decision saying, “FIFPRO fully supports the Spain Women’s National Team in their united call for change. The identical letters said that “the situation” within the Spanish national team – about which RFEF was “aware” – had been affecting the players’ “emotional state” and health. Of the 15 players who signed the letters, only three were in Spain’s World Cup squad: Mariona Caldentey, Aitana Bonmatí and Ona Batlle. Despite their youth and relative inexperience, the Spanish players produced an impressive performance Down Under.
Persons: Luis Rubiales, Jennifer Hermoso, Rubiales, RFEF, d’Or Féminin, Alexia Putellas, , FIFPRO, Pau Gasol, , Hermoso, Pedro Rocha, Jorge Vilda, Montse Tomé, Rocha, Víctor, Tomé, Thomas Coex, ” –, Mariona, Aitana, Ona Batlle, Amanda Perobelli, Spain’s Organizations: CNN, Women’s Nations League, Royal Spanish Football Federation, Spanish women’s, , Spain Women’s National Team, High Council of Sport, Sweden, Getty, Spanish, Reuters, Vilda Locations: Spanish, Spain, , RFEF, Switzerland, Madrid, AFP, Australia, New Zealand, Netherlands, Sweden, women’s
MADRID, Sept 15 (Reuters) - Players in Spanish national women's team are set to continue their boycott of the squad despite a revamp in the Spanish football federation following a furore over the former soccer chief's allegedly non-consensual kiss on player Jenni Hermoso, Cadena SER radio station reported on Friday, citing unidentified sources close to the federation. Reporting by David Latona; Editing by Inti LandauroOur Standards: The Thomson Reuters Trust Principles.
Persons: chief's, Jenni Hermoso, David Latona, Inti Organizations: Spanish, Cadena SER, Inti Landauro, Thomson Locations: MADRID
CNN —Carla Vall, lawyer for Spanish soccer star Jennifer Hermoso, reiterated that the kiss by ex-Royal Spanish Football Federation (RFEF) president Luis Rubiales to her client after the Women’s World Cup final was non-consensual. That’s what we’ll show,” Vall said after leaving the National Court in the capital of Madrid. “it’s just the beginning of the investigation at court,” Vall added. Earlier this week, the National Court announced it had admitted a complaint made against Rubiales by Spanish prosecutors for sexual assault and coercion. Interim RFEF president Pedro Rocha then began to make moves as part of his “regeneration” of the federation, firing controversial coach Jorge Vilda and appointing his deputy, Montse Tomé.
Persons: Carla Vall, Jennifer Hermoso, Luis Rubiales, Rubiales, ” Vall, “ it’s, Olga Tubau, Irina R Hipolito, Shutterstock, Hermoso, , Pedro Rocha, Jorge Vilda, Montse Tomé, Rocha, Víctor Organizations: CNN, Royal Spanish Football Federation, Spanish, National Court, Rubiales, Interim, High Council of Sport Locations: Spanish, Madrid, RFEF
Kuss close to overall Vuelta victory as Evenepoel wins stage 18
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +3 min
Sept 14 (Reuters) - Belgium's Remco Evenepoel claimed his third victory in this year's Vuelta a Espana with a solo attack on a mountainous stage 18 and Jumbo-Visma's Sepp Kuss moved a step closer to winning his first Grand Tour on Thursday. Evenepoel's hopes of fighting the Jumbo-Visma riders for the overall title evaporated on stage 13 when he was dropped on the Col d'Aubisque and lost 27 minutes. "It was a super good opportunity to take the points for my jersey -- I took all the points -- and my third stage win is amazing to end the Vuelta with." Provided he avoids any mishaps on Friday and Saturday, Kuss will be a popular champion in Madrid. Vingegaard, who has been helped often by Kuss, warned that there is still a tough stage on Saturday and that the team needed to keep fighting.
Persons: Remco Evenepoel, Sepp Kuss, Evenepoel, La Cruz de, Pola de Allande, Kuss, Jonas Vingegaard, Primoz Roglic, rojo, Vingegaard, It's, Evenepoel's, d'Aubisque, Italy's Damiano Caruso, Denmark's Andreas Kron, Roglic, Juan Ayuso, Sepp, Dane, Martyn Herman, Toby Davis Organizations: La, La Cruz de Linares, Pola de, de France, Giro, Eurosport, UAE Team Emirates, Enric, Thomson Locations: Puerto, Pola, Madrid, Bahrain, American
The apparently conflicting statements follow Cuban state-run and foreign media reports suggesting that young Cuban men have enlisted in the Kremlin´s military in recent months as mercenaries and victims in alleged human trafficking schemes. Cuba´s top diplomat in Moscow, Julio Antonio Garmendia Pena, told Russia´s state-run RIA news agency hours earlier on Thursday that those arrested in Cuba, all Cuban citizens, had been engaged in illegal activities and had broken the law. Cuba did not respond to Reuters inquiry regarding the apparently contradictory statements. Cuba's foreign ministry said last week the human trafficking network that authorities were now working to "neutralise and dismantle" had operated from Russia "to incorporate Cuban citizens living there, and even some from Cuba, into the military forces participating in war operations in Ukraine". Cuba has denied any involvement in the war in Ukraine.
Persons: Juan Medina, Bruno Rodriguez, Rodriguez, Cuba ´, Julio Antonio Garmendia Pena, Vladimir Putin, Maxim Rodionov, Dave Sherwood, Gareth Jones, Leslie Adler Organizations: REUTERS, Cuban Foreign, Cuban, Russia, Cubans, Thomson Locations: Cuban, Cuba, Madrid, Spain, Moscow, Russia, Ukraine, Havana
BARCELONA, Spain (AP) — One day before Spain’s new women’s coach announces her first squad, the players who won the Women’s World Cup have yet to say if they are ready to come back to the team after rebelling against their disgraced former federation president. The federation firmly backed Vilda, and only three relented and were eventually included in this year's Women’s World Cup squad. In Vilda's place, the federation named his former assistant, Monste Tomé, to become the first female coach of Spain’s women’s team. Rafael del Amo, the head of women’s soccer at the federation, said this week that he is hopeful the players will come back. Spain, ranked second in the world, beat Sweden 2-1 in the Women's World Cup semifinals before edging England 1-0 in the final.
Persons: Luis Rubiales, Jenni Hermoso, Rubiales, Jorge Vilda, , Alexia Putellas, Ballon, Rubiales —, , Monste, Spain’s, Rafael del Amo, Amanda Gutiérrez, Gutiérrez, Hermoso, ___ Organizations: FIFA, Spain, Vilda, Cadena SER, Women’s Nations, England Locations: BARCELONA, Spain, Sydney, Australia, New Zealand, Rubiales, Madrid, Sweden
The man can be seen approaching her and then appearing to touch her bottom as she’s talking to presenter Nacho Abad in the studio. Balado tried to continue with her piece to camera, but Abad asked her if the man had just touched her bottom. “Do you really need to touch my bum?” she asked, before telling him that she’s live on television. “It’s very unpleasant, particularly when you are working,” she said, before the camera panned to show the man standing on the street with another man. “Only yes means yes.”The man was later arrested and Spain’s national police posted a video on X of him being led away in cuffs.
Persons: Isa Balado, Nacho Abad, Balado, Abad, , , Yolanda Díaz, ” Díaz, Irene Montero, Madrid, Balado’s, Verónica, Luis Rubiales, Jennifer Hermoso, Rubiales, Hermoso Organizations: CNN — Police, , Balado, Madrid magistrate’s, CNN, High, Justice, Espana Locations: Spain, Madrid, Cuatro, , Spanish
It also sent a shudder through the male-dominated ranks of Spain's football establishment. Rubiales, 46, has maintained that the kiss was mutual and consensual. After weeks of resisting calls for him to step down as president of the Royal Spanish Football Federation (RFEF), Rubiales, already suspended by FIFA, finally quit on Sept. 10. The RFEF has since sacked women's team coach Jorge Vilda, appointing his assistant Montse Tome instead as the first woman at its helm. Reporting by Emma Pinedo, editing by Andrei Khalip and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
Persons: Luis Rubiales, Jenni Hermoso, Piers Morgan, Yolanda Diaz, chauvinsim, Marta Durantez Gil, Hermoso, Rubiales, Francisco de Jorge, De Jorge, Jorge Vilda, Montse Tome, Striker Olga Carmona, Emma Pinedo, Andrei Khalip, Angus MacSwan Organizations: Royal Spanish Football Federation, FIFA, High, Rubiales, TVE, government's, women's, Thomson Locations: MADRID, Spanish, Sydney, British
Guerrero, 26, was part of the squad that won Spain's first World Cup last month, making three substitute appearances. The central midfielder, who has 16 caps, joined Atletico in 2022 - winning the Queen's Cup last season. "Irene is a World Cup winner whose quality is an excellent addition to our team," United coach Marc Skinner said. We are delighted to bring a player of Irene's stature to Manchester United Women." United, who finished second in the league last year, open the new WSL campaign at Aston Villa on Oct. 1.
Persons: Spain's Irene Guerrero, Molly Darlington, Irene Guerrero, Guerrero, Spain's, Irene, Marc Skinner, Aadi Nair, Ken Ferris Organizations: Soccer Football, FIFA, North Harbour, Manchester United, Atletico Madrid, Super League, Atletico, Aston Villa, Thomson Locations: New Zealand, Spain, Auckland , New Zealand, Bengaluru
CNN —Players competing in the top-tier of women’s football in Spain – Liga F – have called their strike off after reaching a minimum pay agreement, players’ union FUTPRO announced on Thursday. We cannot compare men’s football dimension with women’s football dimension,” Malabia told CNN Sport’s Amanda Davies. Spain won the Women's World Cup earlier this year. I believe the value of women’s football is so high,” he added. The 2023/24 Liga F season gets underway on Friday with Valencia hosting Real Madrid.
Persons: FUTPRO, ” FUTPRO, , Pedro Malabia Sanchis, ” Malabia, Amanda Davies, Catherine Ivill, Keka Vega, Malabia, Luis Rubiales, La Roja, Jennifer Hermoso, Rubiales Organizations: CNN — Players, Spain – Liga, , Liga F, CNN, La Liga, Spanish Footballers ’ Association, Reuters, Royal Spanish Football Federation, Liga, Valencia, Real Madrid Locations: Spain, Jennifer Hermoso .
MADRID (AP) — The players in Spain’s women’s soccer league have called off a strike after reaching a deal to increase minimum wage, the league and unions said Thursday. The first set of games was not played last weekend because of the strike, but the second block of matches will now go ahead as scheduled. The minimum salary for the women’s league until now was 16,000 euros ($17,100), compared to 182,000 euros ($195,000) for the men's league. The new deal will increase the minimum wage for the women's league to 21,000 euros ($22,500) this season, with that sum rising to 23,500 euros ($25,200) by 2025. Last season, of 334 players, 80 players made less than 20,000 euros ($21,400) per year, while the average salary was about 40,000 euros ($42,900), according to the league.
Persons: Luis Rubiales, Rubiales, ___ Organizations: MADRID Locations: Spanish
The sun will sometimes set at 3 p.m.She was also surprised by the work-life balance in Sweden compared to the US. This as-told-to essay is based on a conversation with Bridget Borden, an American who moved to Sweden. Swedes can be really quietWhen I first moved to Stockholm, the capital of Sweden, I was shocked by how quiet people are. It gets dark early in DecemberOne big thing that really surprised me in Sweden was how dark it gets in December. And if you have to remove your shoes, they will have a rack for you to put your shoes on.
Persons: Bridget Borden, I've, it's, Alyshia Organizations: Service, Alyshia Hull, ahull@insider.com Locations: New Jersey, Sweden, American, Wall, Silicon, Connecticut, Madrid, Spain, Stockholm
Bellingham workload is only cloud on his horizon
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +3 min
Bellingham is only 20 and already has very high-mileage at the top end of the game. Barring injuries Bellingham will face a huge workload this season and world players union FIFPRO has warned that he could be vulnerable to burnout if not managed properly. Only Rooney came anywhere close to Bellingham's total with 10,989 minutes while Lampard's total was 3,477 and David Beckham had not even managed 1,000 senior minutes before turning 20. "It is important for clubs and national teams to take a balanced approach when it comes to managing young players' workloads." Southgate will hope that Bellingham is given sufficient time to re-charge between now and the start of Euro 2024.
Persons: Jude Bellingham, Carlo Ancelotti, Gareth Southgate, Blancos, Bellingham, FIFPRO, Frank Lampard, Wayne Rooney, Steven Gerrard, Rooney, David Beckham, Southgate, I'm, Martyn Herman, Toby Davis Organizations: Real Madrid, Liga, Scotland, Birmingham City, Borussia Dortmund, Southgate, Thomson Locations: England, Bellingham
MADRID, Sept 14 (Reuters) - Spanish police arrested on Thursday three Real Madrid youth players for allegedly distributing a sexual video featuring a minor, with the arrests heightening the furore about sexism and macho behaviour in Spanish soccer. The case stems from a complaint filed by the mother of a 16-year-old girl in the Canary Islands regarding an alleged recording of sexual relations, police said. Police said the three had been detained at the Real Madrid sports complex in Madrid and a fourth player was being investigated. One of those arrested is a reserve team player and two play for the third team. Real Madrid issued a statement saying only that a total of four youth team players had been questioned by police "in connection with a complaint about an alleged release of a private video via WhatsApp" messaging system.
Persons: Luis Rubiales, Spain's, Jenni Hermoso, Rubiales, El, Elena Rodriguez, Fernando Kallas, Joan Faus, David Latona, Andrei Khalip, Alexandra Hudson Organizations: Spanish, Real Madrid, Police, Alexandra Hudson Our, Thomson Locations: MADRID, Madrid
MADRID (AP) — Spain this year recorded its third hottest summer since official records began 62 years ago, authorities said Thursday, with temperatures peaking at 46.8 C (116 F) as the country's severe drought dragged on. The average summer temperature was 1.3 degrees Celsius (2.34 degrees Fahrenheit) above normal, the Spanish weather agency AEMET said. The World Meteorological Organization said last week that last month wasn't only the world’s hottest August scientists ever recorded by far. Since 1961, mainland Spain’s average temperature has risen 1.6 degrees C (2.88 degrees F), according to AEMET. Northeast Spain is enduring its most extreme drought since records began.
Persons: AEMET Organizations: MADRID, , World Meteorological Organization Locations: — Spain, Spanish, Spain
Migrants wait at the port to be transferred to the mainland, on the Sicilian island of Lampedusa, Italy, September 14, 2023. "In the past 48 hours, around 7,000 people have arrived in Lampedusa, which has always welcomed them with open arms," mayor Filippo Mannino told Italy's RTL 102.5 radio. "We stand ready to support Italy and this is what we are doing," a Commission spokesperson said. Preliminary data from Spain, another country on the EU's southern flank, showed the number of migrant arrivals to the Canary Islands more than trebled to 2,891 people in the first two weeks of September. Matteo Villa, a migration data analysis expert from the ISPI think tank in Milan, told Reuters migrant arrivals to Italy this year are close to the record registered in 2016, when more than 180,000 people came.
Persons: Yara, Lampedusa, Filippo Mannino, Giorgia, Matteo Salvini, Meloni, Matteo Villa, Gavin Jones, Alvise Armellini, Federico Maccioni, Corina Pons, Keith Weir, Janet Lawrence Organizations: REUTERS, European Commission, European Union, RTL, Thomson Locations: Lampedusa, Italy, North Africa, Tunisia, Malta, Sicily, Europe, Italian, Budapest, Brussels, Spain, Senegal, Milan, Tunis, Rome, Madrid
Spanish farmer Miguel Moreno was an early adopter of so-called cover crops. Spain's drought-hit olive oil production slumped to 663,000 tonnes last year, less than half the average of 1.45 million tons recorded in the previous four harvests, according to the government. In January, it began subsidising farmers who use cover crops as part of the new Common Agricultural Policy (CAP). She said the company was pushed both by customers such as Walmart in the U.S. and by regulation to buy olive oil from producers using sustainable practices. Ecology professor Manzaneda is also coordinator of EU-funded project SOIL O-LIVE and is testing methods for coaxing Albacete's degraded earth back to health.
Persons: Chiclana de Segura, Jon Nazca, Andrea Ronca, Miguel Moreno, Angel, Dcoop, Gonzalo Delacamara, Emilio Gonzalez, Antonio Manzaneda, Manzaneda, Olive, Syngenta, Luis Miranda, Domingo, Marco Trevisan, Dean, Simone Rech, Catalonia's Cava, Sebastiano Conti, Charlie Devereux, Antonella, Corina Pons, Keith Weir, Frank Jack Daniel Our Organizations: REUTERS, Companies Southern, VILLANUEVA DEL ARZOBISPO, Farmers, European Union, of Nutrition, Plant Science, IE, Water, University of Cordoba, University of Jaen, European, Walmart, Swiss, Syngenta, EU, TECH, Smart, Milan Polytechnic, University of Brescia, of Agricultural Sciences, Catholic University of Piacenza, Thomson Locations: Olive, Chiclana, Jaen, Spain, ROME, Italy, Madrid, European, France, Germany, Mantua, Andalusia, European Union, U.S, ITALY, Treviso, Venice, Sicily
MADRID (Reuters) - An overnight fire in a care home for the elderly in the northern Spanish region of Asturias killed one person and injured 27, emergency services said on Wednesday. The fire started on the first floor of a three-storey building, emergencies services said. When firefighters arrived, flames had spread through the first floor of the building. The fire was specially intense in the room where rescuers later found the victim. A 46-year-old worker was in serious condition, while 26 people suffered slight injuries, the emergencies services said.
Persons: Emma Pinedo, Inti Landauro, Nick Macfie Locations: MADRID, Spanish, Asturias
Yes to life" take part in a anti-lithium protest in Covas do Barroso, Portugal, August 15, 2023. With 60,000 tonnes of known reserves, Portugal is already Europe's biggest producer of lithium, traditionally mined for ceramics. Referring to the Barroso project and another in France, he said it would be "a disaster if either ... doesn't succeed". But with only 15 of 916 submissions in a public consultation supporting the project, Savannah faces a struggle to win over locals who have said they will fight it and the APA in court. "Politicians listen to those who shout loudest and have most money - and that's the mining industry," she said.
Persons: Catarina Demony, Maria Loureiro, Loureiro, Barroso, Martin Jackson, , Savannah's, Michael Schmidt, doesn't, Schmidt, Nelson Gomes, Greta Thunberg, Karin Kvarfordt Niia, LKAB's, Anders Lindberg, UDCB's Catarina Alves Scarrott, Aida Fernandes, Barroso's, Dale Ferguson, Ferguson, Emanuel Proenca, Teresa Camille, Gunilla Hogberg Bjorck, Miguel Pereira, Covas do Barroso, Pietro Lombardi, Simon Johnson, Aislinn Laing, Catherine Evans Organizations: REUTERS, Savannah Resources, DO BARROSO, EU, Agriculture Organization, CRU, APA, State, Barroso, Reuters, UDCB, Thomson Locations: Covas do Barroso, Portugal, Barroso, China, London, Savannah, Europe, France, Kiruna, Sweden's, Montalegre, Scarrott, Portuguese, EUROPE, Chile, Covas, Karr, Covas do, Madrid, Stockholm
Zara owner Inditex profit jumps 40% as price rises slow
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: +3 min
Zara owner Inditex on Wednesday beat expectations with a 40% jump in half-year net profit despite the world's biggest fast fashion company slowing the pace of its price increases. The company posted a net profit of 2.5 billion euros ($2.7 billion) for the six months to July 31, outpacing a 2.38 billion euro market forecast according to data from LSEG. Inditex sales rose 13.5% to 16.9 billion euros and a gross margin of 58.2%. With a big share of its costs in euros, Inditex said it expects currencies to have a -3.5% impact on sales this year, worse than the -2.5% impact it expected previously. Inditex was among the first fashion retailers to raise prices in response to surging inflation early last year.
Persons: Inditex, Bernstein, William Woods, Richard Chamberlain, Steven Meisel, Linda Evangelista Organizations: Zara, Bank of America, Royal Bank of Canada, Reuters Locations: Zara, New York, LSEG, Madrid, United States, Spain
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