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Zara was established by Amancio Ortega Gaona in 1975. Their first shop was in central A Coruña, in Galicia, Spain, where the company is still based.They initially called it 'Zorba' after the classic 1964 film Zorba the Greek, but after learning there was a bar with the same name two blocks away, rearranged the letters to read 'Zara'.
Ortega has two children, a son and a daughter. She married Sergio Álvarez Moya in 2012, with whom she had her son, but separated three years later. [5] In 2018 she was married to Carlos Torretta, a public relations employee at Inditex, with whom she has a daughter born in 2020. [12]
In 1985, Industria de Diseño Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants. [16] In 1988, the company began expanding internationally with the opening of a Zara store in Porto, Portugal. [17] In 1990, the company-owned footwear collection, Tempe, populated in the children's section of Zara stores ...
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For a brief period of time in 2015, he was the richest man in the world, surpassing Bill Gates when his net worth peaked to $80 billion as Zara's parent company, Inditex's, stock peaked. [ 3 ] He is the head of the Ortega family , and the second wealthiest retailer in the world.
Sandra Ortega Mera (born 19 July 1968) is a Spanish billionaire heiress, businesswoman and socialite.. Mera is the daughter of Amancio Ortega Gaona, and his first wife Rosalia Mera founder of Inditex, best known as the parent company of global fashion empire Zara.
It is part of the Spanish Inditex group (which also owns brands such as Zara, Massimo Dutti, Pull&Bear, Oysho, Uterqüe, Stradivarius and Zara Home). [2] The company was created in April 1998 as a new store and 'fast-fashion' concept, aimed at a young target market. As of January 2022, Bershka has over 852 stores in 74 countries.