|Traded as||BMAD: ITX|
|Founded||Arteixo, Spain (June 12, 1985 )|
|Headquarters||A Coruna, Spain |
Number of locations
|6683 stores (January 31, 2015)|
|Pablo Isla (Chairman and CEO)
Ignacio Fernández (CFO)
|Products||Apparel/footwear specialty, other specialty|
|Revenue||€16.72 billion (2013)|
|€3.070 billion (2013)|
|Profit||€521 million euros(2015, 1Q)|
|Total assets||€13.756 billion (2013)|
|Total equity||€9.278 billion (2013)|
Number of employees
|Subsidiaries||Zara, Pull & Bear, Bershka, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe, Tempe|
Industria de Diseño Textil, S.A. (Inditex) (//, Spanish: [indiˈteks]; Textile Design Industries) is a Spanish multinational clothing company headquartered in Arteixo, Galicia. It is made up of almost a hundred companies dealing in activities related to textile design, production, and distribution. Amancio Ortega, Spain's richest man, and currently the world's fourth richest man, is the founder and current largest shareholder. The current chairman of Inditex is Pablo Isla. The company is a component of the Euro Stoxx 50 stock market index.
Inditex, the biggest fashion group in the world, operates over 6,600 stores worldwide and owns brands like Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, Zara, Tempe, and Uterqüe, and also a low-cost brand Lefties. The majority of its stores are corporate-owned; franchises are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).
The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.
Most of the company's manufacturing is done in countries with low labour costs, mainly in Bangladesh, India, Morocco, China and Turkey, although some production continues in Spain, Brazil and Portugal, particularly for its Zara brand. In addition, Inditex has a factory for shoe design, production and distribution in the town of Elche, on the Spanish Mediterranean coast.
||This section possibly contains original research. (July 2014)|
The company started by introducing a new concept of fashion design: instead of long-lasting pieces of clothing, they offered a great variety at affordable prices. In the beginning, Zara became famous by offering clothing at low prices and then slowly worked its way up to match the quality of today's best brands.
The group started its activity in 1963 as a dress maker, but it wasn't until 1975 that Zara shop opened its doors in A Coruña (Galicia, Spain), the city which saw the group's early beginnings and which is now home to its central offices.
The international expansion of the group began in 1988, with Inditex opening its first foreign store in Oporto, Portugal. Today, Inditex's stores can be seen in places like New York's Fifth Avenue, Milan's Piazza Duomo, London's Regent Street and Oxford Street, Frankfurt's Zeil, Shanghai's Nanjing West Road, Tokyo's Shibuya, Istanbul's Nişantaşı, Seoul's Myeong-dong, and Vienna's Kärntner Straße.
Inditex won the 2006 Wharton Infosys Business Transformation Award for their innovative and successful implementation of information technology to drastically decrease the time it takes to get new merchandise from the design stage to the in-store stage.
In 2010, Zara had sales of €12.5 billion, with only twice a year newspaper advertisements.
On 20 April 2011, the first Zara store opened in Australia. Thus, the Inditex group was present for the first time on five continents, and in 86 countries.
After the 2013 Savar building collapse, Inditex was one of the thirty-eight companies who signed the Accord on Factory and Building Safety in Bangladesh.
In the first quarter of its fiscal year 2015, Inditex recorded an attributable profit of 521 million euros, which represents an increase of 28 percent over the same period last year in 2014.
- Zara - Flagship brand. It encompasses many different styles, from daily clothes, more informal, to the more serious or formal, through dresses and suits for festival events. Fashion for women, men and children.
- Zara Kids - Kids Clothing from 0 to 14 years old.
- Pull and Bear - This brand focuses on casual, laid-back clothing and accessories for young people with a very urban style, at accessible prices.
- Bershka - Starting in 1998, this store began distributing fashion for girls, and, more recently, for boys too. It also has a youthful style, although not as urban as Pull & Bear.
- Massimo Dutti - The highlights of this chain are more elegant, classic, and studied designs, for daily and formal clothes. It is more expensive than the rest of stores of the group. It offers fashion for women, men and, recently, for children.
- Stradivarius – This brand has an innovative concept in fashion, targeting young women with clothing garments and accessories.
- Oysho - Women's homewear and undergarments.
- Zara Home - Domestic merchandise
- Uterqüe - Accessories and garments
- Tempe - Footwear
|Company||No. of shops 31/10/2015||Year of creation|
|Pull and Bear||922||1991|
|Massimo Dutti||729||1995 (acquired)|
Board of Directors
Bold indicates a company shareholder and the representative will be listed below.
|Member||Title(s)||Member Since||Shares Held||Notes|
|Mr. Pablo Isla||Chairman & CEO of Inditex
Board Member of Telefonica, S.A.
|Mr. Jose Arnau Sierra||Deputy Chariman of Inditex
First Executive of Grupo Pontegadea
Director of GARTLER, S.L.
Member of the Board of Trustees of Fundacion Amancio Ortega Gaona
|Mr. Amancio Ortega||Founder & Board Member of Inditex||June 1985||1,848,000,315|
|Pontegadea Inversiones, S.L.
Ms. Flora Perez Marcote
|Board Member of Inditex||December 2015||1,558,637,990|
|Mrs. Irene R. Miller||Independent Director & Board Member of Inditex
CEO of Akim, Inc.
Board Member & Chairman of the Audit Committee of Coach, Inc.
Board Member of Toronto-Dominion Bank Financial Group
|Mr. Jose Luis Duran Schulz||Board Member of Inditex
Independent Director & Member of the Audit Committee of Orange
|Mr. Rodrigo Echenique Gordillo||Board Member of Inditex
Chariman of NH Hoteles
|Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros||Board Member of Inditex
Chairman of Fraternidad-Muprespa
Board Member of Acciona, S.A.
Board Member of Schindler Espana
Board Member of Yell Group
|Mr. Emilio Saracho Rodriguez de Torres||Board Member of Inditex
Head of Investment Banking of JPMorgan Europe, Middle East, & Africa, Ltd.
Executive Committee Member of Investment Bank
Executive Committee Member of JPMorgan Chase
Deputy-CEO of EMEA
The majority shareholders of Inditex are its founder, Amancio Ortega, and the heirs of his deceased ex-wife, Rosalía Mera; Ortega owns 59% of the company through Gartler, S.L. (50%) and Partler, S.L. (9%) and Mera's heirs own 6% of the company through Rosp Corunna Participaciones Empresariales, S.L.
- "Annual Report 2013" (pdf). Inditex. Retrieved 18 December 2014.
- Gonzalez-Rodriguez, Angela (June 11, 2015). "Euro's depreciation suits Inditex well in the first quarter". FashionUnited. Retrieved July 1, 2015.
- "The Forbes World's Billionaires list is the definitive list of the world's wealthiest people, profiling and ranking billionaires from 70 countries by their estimated net worth.". Forbes. Retrieved 2015-12-02.
- Frankfurt Stock Exchange
- "Grupo INDITEX - Our group". Inditex. Retrieved 2015-02-28.
- Inside Zara Forbes Global
- Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN 978-1-118-17176-9.
- Gonzalez-Rodriguez, Angela (June 11, 2015). "Euro's depreciation suits Inditex well in the first quarter". FashionUnited. Retrieved June 18, 2015.
|Wikimedia Commons has media related to INDITEX.|
- Industria de Diseño Textil, S.A. — Bolsa de Madrid
- Industria de Diseño Textil, S.A. — Comisión Nacional del Mercado de Valores
- Industria de Diseño Textil, S.A. — Google Finance
- Industria de Diseño Textil, S.A. — Hoover's
- Inditex companies grouped at OpenCorporates
- Zara's Big Idea: What the World's Top Fashion Retailer Tells Us About Innovation, Derek Thompson, The Atlantic, 13 November 2012.
- How Zara Grew Into the World’s Largest Fashion Retailer, Suzy Hansen, New York Times, 9 November 2012.