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Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing. [21] In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line. [22] In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion. [23]
He is the founder and former chairman of Inditex fashion group, best known for its chains of Zara and Bershka clothing and accessories shops. He is considered a pioneer in fast fashion . [ 1 ] As of September 2024, Ortega had a net worth of $134.3 billion, making him the second-wealthiest person in Europe after Bernard Arnault and the 11th ...
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'.
Source of wealth: Inditex stock. Amancio Ortega is the founder and former chairman of Inditex, a fashion retail group home to brands such as Zara, Bershka, and Massimo Dutti.
Ortega, who still owns 59% of Inditex, joined the club just last month as the retail group posted record sales. Most other members of the $100 billion club are based in America.
Inditex now comprises multiple fashion companies, of which Zara is the flagship. [1] The company also owns the retailers Bershka, Massimo Dutti, Oysho, Pull & Bear, Stradivarius, Uterque and Zara Home. [5] Inditex now has over 6000+ stores in over 86 countries [3] and over 120,000 employees. [5]
Amancio Ortega, Europe's richest man and founder of retailer Inditex <ITX.MC>, had commercial property assets worth nearly 10 billion euros ($11 billion) at the end of 2018, up 11.5 percent from ...
When founded in 1985, its product range was limited to menswear. Its women's range was added in 1995. In 2003, the company launched a children's line under the trade name Massimo Dutti Boys and Girls. As a higher-end brand within Inditex, it is more associated with the masstige market.