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Inditex's business is centred around one simple premise – to be quick at responding to the market. Whereas it would take almost a year for a traditional fashion company to get its products out, from conception to runway to stores, for Inditex, this process takes less than two months to replenish stores with new and different products weekly ...
In 2011, Ortega announced his imminent retirement from Inditex, parent company of the Zara chain, stating that he would ask Inditex vice-president and CEO Pablo Isla to take his place as head. In 2012 Ortega donated about €20 million to Caritas Internationalis, a Roman Catholic relief organisation. [13]
Marta Ortega Pérez (born 10 January 1984) is a Spanish businesswoman who is the daughter of Amancio Ortega and was appointed chair of Inditex as of December 2021. [1] [2] Ortega replaced Pablo Isla, who was chair and CEO of Inditex since 2011, in April 2022. [3] [4]
The group's new CEO Oscar Garcia Maceiras said the third quarter and nine month results are the fruit of an integrated business model that fuses online and physical retail. Inditex Revenue Growth ...
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'.
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.
Pablo Isla Álvarez de Tejera (born 22 January 1964) is a Spanish businessman and a State lawyer who was chairman and CEO of Inditex, a Spanish corporation and the world's largest fashion group, from 2005 to 2022.
Ten years after the opening of the first Zara store, Inditex was established as a holding company for the couple's businesses. [4] 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]