Europe's richest man owns 59 percent of Inditex, the world's largest clothing
retailer and owner of the Zara chain. Through his closely held investment companies, Ortega also owns office and retail property in major cities throughout Europe and the U.S. Since 2001, he has earned 2.5 billion euros in dividends. He stepped down as Inditex chairman in 2011.
Amancio Ortega Gaona, already the world’s fourth-richest person based on the success of his Zara fashion retail stores, has quietly amassed a real estate empire worth as much as $10 billion and is emerging as a formidable competitor for prime properties from London to Beverly Hills.
Inditex SA, the Spanish owner of the Zara clothing chain, reported accelerating revenue growth in the first six weeks of the fiscal year, spurring optimism over prospects for the coming spring fashion season.
Grupo Corporativo Ono SA Chairman Jose Maria Castellano plans to step down after the Spanish cable provider agreed to be acquired by Vodafone Group Plc, according to two people familiar with the matter.
Occidental Hotels & Resorts, the hotelier owned by billionaire Amancio Ortega and Spain’s second- largest bank, has attracted interest from companies including AMResorts and Playa Hotels & Resorts, two people with knowledge of the matter said.
Zara’s celebrity chic helps make its Spanish parent company, Inditex SA, the world’s biggest fashion retailer. Singer Taylor Swift, reality-television personality Kim Kardashian and Kate Middleton, Prince William’s wife, have all been spotted wearing the stylish, low-cost brand.
The world’s 300 wealthiest people lost a combined $44.4 billion yesterday as global stocks tumbled the most in a month and the ruble dropped to an all-time low amid Russia’s growing military presence in Ukraine.
Inside Inditex SA’s concrete-and- glass headquarters in the Spanish town of Arteixo, a lithe woman slips into a dress that a seamstress working amid buzzing sewing machines stitched together just minutes earlier. A half circle of designers -- looking like models themselves -- nod approval.