Amancio Ortega news and archive

Amancio Ortega retires: the founder of Inditex drops over 50 executive positions

The founder of Inditex, Amancio Ortega, has left his positions in 53 subsidiaries of the textile group, six years after having ceded the presidency of the group to Pablo Isla. With this gesture, the founder of the largest fashion retail group in the world kicks off his retirement The businessman, who left the executive functions of Inditex in...

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Rich List: Top 10 Billionaires in Fashion 2017

The fashion industry is an ever-changing sector where anything goes. One year, your brand could be the most coveted and desirable it-brand, the next year it could be on the brink of bankruptcy. However, there are a few famed fashion houses and retailers who have fought against the odds and continue to deliver designs that satisfy their consumers...

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Fashion’s Wealthiest: Top 10 Richest People of 2016

London - “I think that fashion has become such a big business and with globalisation we are on new territory at this point. We are not just designing for a country we are designing for a world now,” said American fashion designer Anna Sui in an interview with CNN in 2006. Ten years later, and the business of fashion continues to boom. Fashion is...

Fashion

Zara owner named world's second-richest person

London - Spanish retail magnate Amancio Ortega is now worth 71.5 billion dollars, according to the Bloomberg Billionaires Index, and has taken second place in the ranking of the world’s richest people for the first time. Ortega, who owns 59 percent of Inditex, the world’s largest clothing retailer which runs chains including Zara, Massimo Dutti,...