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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 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'.
2023 Wholly-owned Star 66 Supermarket format offering groceries, daily essentials and general merchandise 2004 50:50 joint venture with Tesco: Zara: 23 Fast-fashion retail chain 2009 49:51 joint venture with Inditex: Massimo Dutti: 3 Premium clothing retail chain 2011 49:51 joint venture with Inditex Booker India: 8
In 2009, Zara was part of the Inditex group (Industrias de Diseño Textil Sociedad Anónima), of which Ortega owned 59.29%, and aside from over 6,000 stores included the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear, Bershka and has more than 92,000 employees. [10]
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management ...
Critically, in assessing a company's financial position (and reading its balance sheet), COE is distinguished from CAPEX, or costs associated with Capital Expenditures. [ 7 ] [ 8 ] Ke is most often used in the Capital Asset Pricing Model (CAPM), in which Ke = Rf + ß(Rm-Rf).
LONDON – Zara’s parent Inditex has a new chief executive officer and chair, completing a generational handover that began a decade ago when founder Amancio Ortega stepped down as chairman.
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]