Does Amancio Ortega own Inditex?
Understanding Amancio Ortega Amancio Ortega founded the Inditex Group in 1963, which owns Zara and other men’s and women’s retail apparel, footwear and home textiles businesses.
How much does Amancio Ortega own of Inditex?
Overview. Ortega owns 59% of Inditex, the world’s largest clothing retailer. The Arteixo, Spain-based company is parent of Zara and seven other retail brands, operates more than 7,400 stores and had revenue of 20.4 billion euros ($23.5 billion) in the year to Jan. 31, 2021.
Who is Ortega owned by?
B&G Foods purchased the Ortega brand in 2003 to continue the rich heritage of the Ortega family and a long tradition of commitment to quality. Today, when a family picks up a can of chiles or a box of taco shells, they know they are getting the very best.
Does Inditex own Zara?
Inditex is one of the world’s largest fashion retailers, with eight brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe) selling in 216 markets through its online platform or its 6,654 stores in 96 markets.
How Amancio Ortega started Zara?
He first applied the approach to a bathrobe business, Confecciones Goa, which he founded in 1963. Ortega founded the first Zara ready-to-wear clothing store in A Coruña in 1975, and it became not only an internationally famous chain but also the flagship of holding company Inditex, which he founded 10 years later.
How much is Amancio Ortega worth?
67.8 billion USD (2022)Amancio Ortega / Net worth
As of December 2021, Ortega had a net worth of $70.9 billion, making him the third-wealthiest person in Europe after Bernard Arnault and Francoise Bettencourt Meyers, and the 15th-wealthiest in the world.
Who is Amancio Ortega daughter?
Marta Ortega
Sandra Ortega Mera
Amancio Ortega/Daughters
Marta Ortega, 37, the daughter of Amancio Ortega, 85, the majority shareholder of the world’s largest fashion retailer and Spain’s richest man with an estimated £53bn fortune, will be installed as head of the board from 1 April.
Is Inditex a public company?
And so a new name enters the ranks of the world’s superwealthy. On May 23, Spain’s Amancio Ortega Gaona will sell 26% of Industria de Diseno Textil (Inditex), his textile and fashion retailing empire, to public investors. The IPO will value Inditex at $8 billion (9 billion Euro).