Deloitte Returns as Inditex Auditor for 2027-2029 Term

Inditex changes its auditor. The Spanish group has announced that it will propose to the general meeting of shareholders scheduled for mid-2027 the appointment of Deloitte as auditor for a period of three years, between 2027 and 2029.

The decision means recovering the group’s historical auditor, which had been responsible for signing Inditex’s accounts until the 2021 financial year, and breaking with EY, which has audited the Spanish company since 2022. EY will be responsible for auditing the 2025 and 2026 accounts.

In recent months Inditex has launched a formal selection process (called tender) among the so-called big four, which also include PwC and Kpmg. The process has been led by the audit and compliance committee of the Inditex board, chaired by independent director José Luis Durán.

Inditex’s relationship with Deloitte is historical. The big four audited Inditex’s accounts from 2012 until 2021, when the Spanish group was forced to change after exceeding the legal deadline for working with the same auditor.

Deloitte had already audited the group’s accounts from 2013 to 2021

Chaired in Spain by Héctor Flórez, who has decided not to stand for re-election in 2026, Deloitte audits in Spain the accounts of other large Ibex35 groups such as ACS, Grifols, Cellnex, Indra, Meliá and Merlin Properties.

Inditex closed the first nine months of the year with a 2.7% increase in turnover, with sales of €28.171 billion, compared to €27.422 billion in the same period of the previous year.

The company ended the period with a net income of €4.622 billion, an increase of 3.9% compared to €4.459 billion in the first three quarters of 2024.