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

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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