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Zara

August 29, 2018

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

Spain was among the Eurozone countries hit hardest by the economic crisis in 2008, its GDP shrinking by 10% over five years. At the same time, the lines of those searching for work lengthened dramatically and when the country was at its lowest ebb, the unemployment rate was well above 25%.

November 6, 2014

The daughter of Inditex’s founders has declared a 5% ownership stake in the multi-billion dollar Spanish fashion company, best known for its retail chain Zara.

The daughter of Inditex’s founders has declared a 5% ownership stake in the multi-billion dollar Spanish fashion company, best known for its retail chain Zara.

Sandra Ortega owns the stake through holding vehicle Rosp Corunna, which she inherited following her mother’s death from a stroke last year.

June 13, 2013

Amancio Ortega's Inditex struggled to match last year's growth in the first quarter of its fiscal 2013, H&M's second quarter sales shrank, while Remy Cointreau posted strong results. 

Amancio Ortega's Inditex struggled to match last year's growth in the first quarter of its fiscal 2013, H&M's second quarter sales shrank, while Remy Cointreau posted strong results.

May 23, 2011

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Inditex, founded by Spanish billionaire Amancio Ortega, announced on 19 May that it has opened its flagship Zara store in Sydney, Australia as part of its strategy to expand in Latin America, Australia and Africa.

March 18, 2011

Billionaire daughter of Zara founder Amancio Ortega, Marta Ortega-Perez could eventually be her father’s replacement. Despite her father appointing non-family Pablo Isla to replace him as chairman after his retirement, some reckon that Marta will eventually take control of Inditex, the owners of Zara.

Billionaire daughter of Zara founder Amancio Ortega, Marta Ortega-Perez could eventually be her father’s replacement. Despite her father appointing non-family Pablo Isla to replace him as chairman after his retirement, some reckon that Marta will eventually take control of Inditex, the owners of Zara.



January 12, 2011

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

He will be replaced by non-family member Pablo Isla, the current chief executive and chairman, but some insiders reckon that his youngest daughter, Marta Ortego Perez, will eventually take control of Inditex.  

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