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Amancio Ortega Gaona

Amancio Ortega is a Spanish business magnate and the founder of Inditex fashion group. He left school at age 14 and began working as a shop assistant. In 1963, he founded Confecciones GOA, a textile manufacturing company. In 1975, he opened the first storefront for Zara in La Coruña, Spain. Ortega expanded Zara internationally throughout the 1980s and 1990s. By 2000, Inditex brands were distributed in over 30 markets globally. Ortega owns 59.3% of Inditex, making him the world's richest man in 2015 with a net worth of $68.5 billion. Beyond retail, Ortega has real estate investments

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Yanlah Lopez
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179 views

Amancio Ortega Gaona

Amancio Ortega is a Spanish business magnate and the founder of Inditex fashion group. He left school at age 14 and began working as a shop assistant. In 1963, he founded Confecciones GOA, a textile manufacturing company. In 1975, he opened the first storefront for Zara in La Coruña, Spain. Ortega expanded Zara internationally throughout the 1980s and 1990s. By 2000, Inditex brands were distributed in over 30 markets globally. Ortega owns 59.3% of Inditex, making him the world's richest man in 2015 with a net worth of $68.5 billion. Beyond retail, Ortega has real estate investments

Uploaded by

Yanlah Lopez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Amancio Ortega

Gaona
- Costo & Lopez -
Early Life
- Born on March 28, 1936 in
Busdongo de Arbas, Spain

- He left school at the age of 14.

- His first job was a shop


assistant at a local company
called "Gala".
Confecciones GOA, 1963
A manufacturing company
ZARA
- Zorba (1975), first storefront in La Coruña.

- In 1988, after the Inditex Group was formed, Ortega


opened the first Zara shop in Portugal, where he found the
working force to be even cheaper than in Spain.

- In 1989, Zara shop was opened in the USA, and it was


introduced in London in 1998.

- Zara’s further international expansion came along with


Inditex’ retail portfolio development: Pull&Bear and
Massimo Dutti (1991), Stradivarius (1994), Bershka (1998),
Oysho (2000), Uterqüe (2008).

-By 2000, the Inditex brands were distributed in over 30


international markets.
ZARA Store
@ Powerplant
Mall, Philippines
Together with his first wife, Rosalía Mera,
World's richest man in 2015 Ortega founded The Paideia Foundation in
1986.

Amancio Ortega introduced another non-


Net worth: $68.5 billion (Bloomberg's
profit organization in 2001 called Fundacion
Billionaires Index)
Amancio Ortega.

Ortega owns 59.3% of Inditex, the world's Currently, Amancio Ortega maintains both:
largest clothing retailer that owns brands the fast fashion retail business and his real
including Zara. estate investments.

In 2011, Ortega stepped down as chairman Known to be publicity discreet, Amancio


and chief executive, but remained as an Ortega spends millions of dollars to protect
official advisor to the board. the privacy of his life.

Beyond retail, Ortega has investments in two The Inditex group, owns Zara, Pull&Bear,
main funds: Pontegadea Inversiones and Massimo Dutti, Stradivarius, Oysho, Uterqüe,
Pontegadea Inmobiliaria. and Bershka brands.

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