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Zara becomes most successful high street retailer

27 September 2012 Last updated at 16:43 BST

The Spanish-owned group that owns shops like Zara is the biggest high street fashion brand in the world, with H&M second and Gap third.

Inditex reported a 32% increase in profits last week.

Tim Jackson, the programme director in luxury fashion at Regent's College, told 5 liveWake Up To Money how the UK had been "seduced" by foreign brands.

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