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Inditex's stocks fell by 12% over the year. [35] In May 2021, Inditex said that all its stores in Venezuela would close as it will review its agreement with its local partner Phoenix World Trade. [36] In the three months to 30 April 2023, the group reported a 13% increase in sales to £6.54 billion and a 14% rise in profit to £3.96 billion ...
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]
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'.
The same person wrote in 2023 that the "majority" of his family and friends "were forced to sign an NDA" just to go to Boss' funeral, "including his mom." Allison Holker, wife of the late Stephen ...
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 ...
According to the FBI's Internet Crime Report, Americans lost more than $650 million to romance scams in 2023 alone. Americans over 60 reported the most losses to scammers of any age group ...
The city had deployed the temporary solution back in 2016 after discovering that the 87-year-old Pier 1 was suffering from widespread deterioration, but now even that alternative has been deemed a ...
Inditex expanded from 2,692 stores in 2005, to 7,013 stores at the end of 2015 under Isla's leadership. During the same period, he is also credited with leading the company's online expansion. [12] In 2022, Inditex paid Isla 12.4 million euros in his last year with the company, more than double what he received in 2020 as the executive ...