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Zara was established by Amancio Ortega Gaona in 1975. Their first shop was in central A Coruña, in Galicia, Spain, where the company is still based.They initially called it 'Zorba' after the classic 1964 film Zorba the Greek, but after learning there was a bar with the same name two blocks away, rearranged the letters to read 'Zara'.
In 1985, Industria de Diseño Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants. [16] In 1988, the company began expanding internationally with the opening of a Zara store in Porto, Portugal. [17] In 1990, the company-owned footwear collection, Tempe, populated in the children's section of Zara stores ...
For a brief period of time in 2015, he was the richest man in the world, surpassing Bill Gates when his net worth peaked to $80 billion as Zara's parent company, Inditex's, stock peaked. [3] He is the head of the Ortega family, and the second wealthiest retailer in the world. [4] [5]
LONDON – Zara’s parent Inditex has a new chief executive officer and chair, completing a generational handover that began a decade ago when founder Amancio Ortega stepped down as chairman.
The world’s largest fashion group revealed that earnings increased by a fifth to 8.6 billion euros (£7.6 billion) in 2022.
Full-year sales jumped 17.5 percent in 2022 to 32.6 billion euros, despite inflation.
Dubai Holding Group, established in 2000, is an Emirati multinational retail organization in the Middle East, representing fashion franchises. [1]The Group represents prominent brands such as Zara, Zara Home, Stradivarius (Inditex), women’secret, Gerard Darel, Flamant (company), Promod, Harrys of London, Sfera & Delvaux (company).
Trent Limited (portmanteau of Tata Retail Enterprise) is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures.