Amancio Ortega news and archive

Founder of Inditex acquires 49 percent of British port company PD Ports

Madrid – Amancio Ortega, founder and majority shareholder of Inditex, the owner of Zara, continues to expand and diversify his investment portfolio. He has increased his list of logistics assets with the purchase of 49 percent of the British port company PD Ports. PD Ports is one of the UK’s leading port groups and the statutory body for the...

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Fashion’s billion-dollar dividends, Zara owner cashes in

Inditex’s largest shareholder, Amancio Ortega, is set to receive a record dividend payout of 3.1 billion euros this year, according to Bloomberg. As the owner of a fifty-nine percent stake in the retail giant, the Zara founder has benefitted from a nine percent increase in shareholder returns. While billion-dollar dividends remain a rarity in...

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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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Interactive Chart: Top 10 Richest People in Fashion of 2016

London - As the end of the year draws ever closer, FashionUnited takes a moment to reflect back on 2016. Fashion has always been a big business, but this year saw some of the richest individuals working in fashion become even richer, in spite of economical and political uncertainties sweeping across the globe. Unsurprisingly, the title of the...

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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...