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Amancio Ortega hands over the reins of Zara to his daughter


DECRYPTION - In April, Marta Ortega, daughter of the founder, will take over the presidency of the Inditex group, an empire of 144,000 employees.

"Revolucion": this is how the Spanish newspaper titled Tuesday morning its alert informing of the succession to the head of the Inditex group.

A paradox, apparently, since the Spanish textile empire patiently built by the father, Amancio Ortega, is inherited in a most peaceful way to the daughter, Marta Ortega, at the end of what is akin to a regency. , the ten years of Pablo Isla's presidency.

All by mutual agreement between the three main parties concerned.

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But, for the experts of the group, owner in particular of the Zara, Oysho or Massimo Dutti brands, this passing of the baton was not obvious.

As much the change in the post of general manager (Carlos Crespo is replaced by Oscar Garcia Maceiras) was expected, as much the rise of Marta Ortega and the departure of Isla, in four months and we do not know which position or even which company, are surprises.

37-year-old Marta Ortega receives a mastodon of 6,758 shops from her father

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Source: lefigaro

All business articles on 2021-11-30

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