Zara founder Amancio Ortega turns world’s richest man
For many years a Bill gates,the founder of microsoft has held on to his position as the world's richest man with his current net worth standing 84.8 BILLION USD.
Amancio Ortega became the world’s richest individual, surpassing Bill Gates for the second time.Amancio Ortega is the reclusive multi-billionaire who raised an empire by painstakingly developing Zara, the fashion chain that caters to the millions of fashion conscious urbanites, among other brands
Ortega is the owner of Inditex, the parent company to popular enterprises such as Zara, Massimo Dutti, and Pull&Bear. While each of the company is an empire in itself, Amancio Ortega is associated primarily with Zara, a brand that he helped build from the ground up. Working at the grass-root level, Ortega took the clothing group Inditex from a tiny family dressmaker in Spain to the country’s biggest company. Ortega’s success is largely attributed to the Zara brand, which has easily become the go-to shop for the majority of fashion-conscious city dwellers who mind their budgets as well. With radical business ideas that focused in making the latest in fashion accessible to everyone within the shortest time possible, Zara has fundamentally altered the apparel business. Dubbed the “Fast Fashion” model, Zara essentially promises affordable imitations of catwalk designs, which move from drawing boards to store shelves within two weeks. Moreover, Zara stores stay religiously true to their business model by pulling non-performing designs off the shop floor even quicker.
About Amancio Ortega
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Ortega is the owner of Inditex, the parent company to popular enterprises such as Zara, Massimo Dutti, and Pull&Bear. While each of the company is an empire in itself, Amancio Ortega is associated primarily with Zara, a brand that he helped build from the ground up. Working at the grass-root level, Ortega took the clothing group Inditex from a tiny family dressmaker in Spain to the country’s biggest company. Ortega’s success is largely attributed to the Zara brand, which has easily become the go-to shop for the majority of fashion-conscious city dwellers who mind their budgets as well. With radical business ideas that focused in making the latest in fashion accessible to everyone within the shortest time possible, Zara has fundamentally altered the apparel business. Dubbed the “Fast Fashion” model, Zara essentially promises affordable imitations of catwalk designs, which move from drawing boards to store shelves within two weeks. Moreover, Zara stores stay religiously true to their business model by pulling non-performing designs off the shop floor even quicker.
About Amancio Ortega
news link
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