Recluse Behind Zara is Now World’s Third Richest Man

| News & Analysis

Zara Store | Source: Reuters

MADRID, Spain — The fourth day of Paris Fashion Week saw Raf Simons unveil the latest chapter of his journey after nearly a year at the design helm of Christian Dior. Following his acclaimed debut last year, the pressure has been stacked on the Belgian designer to deliver again in what is only his second ready-to-wear show in one of the most influential jobs in fashion. Spain's Amancio Ortega, elevated by Forbes to become the third

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Spanish hotspot, Alaïa’s fashion philosophy, Gilt Groupe acquisition, Playing designer, Anna-Sophie Berger

| Daily Digest

Amancio Ortega | Source: Telegraph

How Zara clothes turned Galicia into retail hotspot (Reuters) “The green, rainy region of Galicia in northwest Spain is best-known as the destination for pilgrims hiking the Camino de Santiago to pay tribute at the remains of apostle Saint James… But a different kind of pilgrim also makes the journey here — retail sector analysts visiting the headquarters of Spain’s most successful modern export, Zara

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Zara chief bows out, Aspirationals still key, PPR E-commerce push, Fast Retailing slows, Lucky Holley

| Daily Digest

Amancio Ortega | Source: Elmundo

End of the line for Zara tsar (Independent) “Amancio Ortega, the wealthiest man in Spain and perhaps one of the world’s most reclusive moguls, has tiptoed into the spotlight this week by announcing his imminent retirement from the fast-fashion giant Inditex… which he founded with a single store in La Coruna 35 years ago.” Who’s Buying All That Luxury? Not the Rich (WSJ) “Luxury is soaring again…

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