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Inditex's money turns to brick and mortar

Amancio Ortega, founder of Inditex, reportedly manages a real estate portfolio valued at around 20 billion euros through his holding company Pontegadea, according to Forbes. Pontegadea, led by its chief executive officer, Roberto Cibeira, reinvests a significant portion of the dividends Ortega receives from the Galician textile multinational...

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Business

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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