Search results
Results From The WOW.Com Content Network
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.
Spain has been one of the countries hardest hit by the coronavirus.
For premium support please call: 800-290-4726 more ways to reach us
The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M . [ 7 ]
Full-year sales jumped 17.5 percent in 2022 to 32.6 billion euros, despite inflation.