Marta Ortega, daughter of Spain's wealthiest man, will take over as chairwoman of the world's biggest fashion retailer in a generational shift for the firm, Inditex announced on Tuesday.
Spain's textile sector, flush with the
glittering success of brands such as Zara, is beginning to recover from a
crisis sparked by cut-throat competition from Asia that destroyed a third of its firms in less than a decade.
The fashion brand has been forced to pull a T-shirt from its stores after a petition argued it's slogan was offensive to those suffering from coeliac disease.
Spanish global clothing giant Inditex, owner of the Zara brand, posted a 20-percent surge in nine-month net profits on Thursday as its investments and expansion began to pay off.
A campaign to banish "anorexic mannequins" from Inditex stores because they promote "an impossible beauty ideal" has garnered huge support in Spain and forced the fashion giant to act.
Amancio Ortega, Spain's richest man and the head of the fashion empire Inditex, has bought a massive building in Madrid's iconic Gran Vía, a move which will see him become the landlord of several rival fashion brands.
Spanish tennis star Rafael Nadal has been named the new face of US fashion designer Tommy Hilfiger, a role which will see him stripping for an underwear advertising campaign.
Spanish clothing giant Inditex, which owns Zara, has restricted customer purchases to five items per month in its stores in Venezuela as it struggles with a massive upswing in demand.
Brazilian top model Adriana Lima was in Barcelona on Monday to lanch the autumn–winter range of Spanish fashion label Desigual after signing on recently to be an ambassador for the booming brand.
The internet retail giant Amazon opened its virtual doors on Wednesday to a 700,000-strong fashion collection from over 2,000 brands as it sets out to challenge its rivals in Spain's booming clothing sector.
With a whopping €47.6 billion ($64 billion) in the bank, it comes as no surprise that Inditex co-founder Amancio Ortega tops Forbes's Spain Rich List. The Local takes a look at some of the other Spanish multimillionaires living la vida rica.
Spanish textile giant Inditex, owner of global fashion brand Zara, reported Wednesday a slight rise in profits in the first half of 2013 and a solid start to sales in the second half.
Spanish textile giant Inditex, owner of the Zara brand, announced on Wednesday a rise in quarterly profit as it pursued a global expansion with a string of new stores including in Japan, China and Russia.
Global clothing giants Inditex and H&M on Monday promised to sign up to a plan to improve safety for workers in the factories they use in Bangladesh, in the wake of a deadly factory collapse there.
Spanish clothing giant Mango said on Thursday it had placed only a 'small' number of sample orders for 25,000 items at a factory in a collapsed building in Bangladesh where more than 200 people died.
With Spain mired in a long-running crisis, the country's leading fashion designers are looking beyond their traditional markets in their bid to drum up new business.
