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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'.
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 ...
Zara, as well as its home decor arm Zara Home, were the main contributors to Inditex’s strong performance. The company opened stores across 41 different markets last year, and now has close to ...
Sterling Partners, a private equity firm, acquired Innotrac on January 6, 2014, for $8.20 per share. [5] The buyout totaled $108 million. [6] Innotrac provided customer support and fulfillment services to retailers, software providers, and telecommunications companies.
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An Italian nun was arrested Thursday as part of a long investigation that led to the arrests of 25 suspects and the seizure of over 1,800,000 euros.
Zara Home is a company that belongs to the Spanish Inditex group dedicated to the manufacturing of home textiles. It was created in 2003. [ 2 ] It has around 408 stores in 44 countries.
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