Spotlight on Zara’s Amancio Ortega

“The fashion industry might seem small and unimportant, especially in today’s world when clothes couldn’t be cheaper and more available.”

Quick Recap:

  • 1963 – Amancio Ortega start’s his own company – Confencciones Goa with $25
  • 1975 – Amancio open’s his first retail store, Zara. Originally intended to be called Zorba.
  • Amancio took a different approach to selling fashion. Instead of a seasonal cycle, he sold product in limited product runs by marketing new designs in as little as two weeks.
  • 1985 – INDITEX is created as a holding company
  • 1988 – opens first international Zara in Portugal
  • 1989 – opens first U.S store in New York
  • 1991 – purchases Massimo Dutti
  • 2001 – takes Inditex public and sells 20% of his shares
  • 2004 – store number 2,000 opens in Hong Kong
  • 2010 – store number 5,000 opens in Rome
  • 2017 – 7,292 stores in over 92 countries
  • Amancio Ortega is the 2nd wealthiest man with a mere 67 billion dollars.
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