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Inditex

The textile and apparel giant's flagship brand, fast-fashion retailer Zara, has made founder Amancio Ortega Spain's richest man.

Vital statistics

  • 1985 Established
  • Private Type
  • > 10,000 Number of employees
  • €13.69 billion (2012) Revenue
  • 6,249 stores Stores
  • Arteixo, Spain HQ

Key people

  • Pablo Isla Chairman & Chief Executive
  • Ignacio Fernandez Chief Financial Officer

Company Snapshot

Company Snapshot

Industria de Diseño Textil, S.A. (Inditex) is a Spanish multinational clothing company headquartered in Arteixo, Galicia, Spain. It is made up of almost a hundred companies dealing in activities related to textile design, production and distribution. Amancio Ortega, Spain's richest man, and the world's third richest man, is the founder and current largest shareholder. The current chairman of Inditex is Pablo Isla.

Inditex, the biggest fashion group in the world, operates over 6,200 stores worldwide and owns brands like Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, Zara, Tempe and Uterqüe, and also a low-cost brand Lefties. The majority of its stores are corporate-owned; Franchises are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).

The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.

Most manufacturing is now in low labour cost countries, mainly in Morocco, China, and Turkey, although much production continues in Spain and Portugal, particularly for its Zara brand. In addition, Inditex has a factory for shoe design, production and distribution in the town of Elche, on the Spanish Mediterranean coast.

Source: Wikipedia

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