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The most notable success story is Inditex which owns companies such as Zara and Bershka. Inditex is a large brand with a new worth of $17.2 billion. [21] Since its opening in 2007, it opened over 330 stores in China by 2019. [22] In particular, Zara is growing twice as fast as H&M due to its focus on value rather than price. [23]
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 ...
Science & Tech. Shopping
Inditex warned that costs may rise from rerouting ships due to Houthi rebels' attacks as it makes a killing in its retail business.
For a brief period of time in 2015, he was the richest man in the world, surpassing Bill Gates when his net worth peaked to $80 billion as Zara's parent company, Inditex's, stock peaked. [ 3 ] He is the head of the Ortega family , and the second wealthiest retailer in the world.
Research into the causes of the disparity in academic achievement between students from different socioeconomic and racial backgrounds has been ongoing since the 1966 publication of the Coleman Report (officially titled "Equality of Educational Opportunity"), commissioned by the U.S. Department of Education. The report found that a combination ...
Its work has been cited by USA Today, [2] Forbes, U.S. News & World Report, and The Atlantic. [1] The Institute staffs the Project on Student Debt, [2] and produces an annual report on student debt in the U.S. used by journalists and others needing the most recent data on higher education. [1]