The World'S Top Clothing Giant Zara Founder Abdicated.

2011/1/12 11:04:00 77

World Top Clothing Giant Inditex Group Amancio Ortega Pablo Isla

Amancio Ortega

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The world's number one clothing giant Inditex group

President and founder, owns Zara and other famous brands.

According to a statement in January 10th, the richest man in Spain was interested in delivering group management to vice president.

Pablo Isla

。

Amancio Ortega, 74, was originally a small business owner in northwestern Spain.

In 1979, there were six shops.

But today, he is in charge of the world's largest clothing Empire and has more than 4000 stores throughout the world.

According to the latest Forbes list, he is the richest man in Spain and the ninth largest millionaire in the world.

The group's statement quoted Amancio Ortega in a letter, saying, "the time is ripe to recommend Pablo Isla as president of the group, and I will remain in the company and the board of directors".

Pablo Isla, 46, is the former president of Altadis group, France's Spanish joint venture.

Pablo Isla will take over Amancio Ortega to take over Inditex group.

The statement said that Amancio Ortega "will recommend the appointment of Pablo Isla as president of the group at the shareholders' meeting in July."

The Group recorded a profit growth of more than 40% in the first nine months of 2010. Meanwhile, the company grew rapidly and the number of new stores opened to more than 100.

Besides Zara, Inditex also owns many brands such as Massimo Dutti, Pull and Bear, Bershka and so on.