The Limited Times

Now you can see non-English news...

Amancio Ortega hands over the reins of Zara to his daughter

2021-11-30T19:53:50.809Z

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 elconfidencial.com 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.

Read also

Zara thinks big for its connected stores

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

This article is for subscribers only.

You have 86% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-11-30

You may like

Trends 24h

Latest

© Communities 2019 - Privacy