5/26/2023 0 Comments Marta ortegaShe was the one, and insiders never questioned her appointment.” “He saw that they shared the same interests. “She has lived the business from the inside, alongside Amancio,” journalist Jesus Salgado Alvarez said recently. There was never any doubt that Ortega, described by the Wall Street Journal as “Zara’s secret weapon”, would take over from her father. Nevertheless, last year’s results have been hailed as “spectacular.” With net profits of €3.1 billion in 2022 and a 19 per cent increase in sales, Amancio Ortega’s daughter demonstrated the wisdom of a meticulous strategy which began in 2011.Īfter finishing a degree in Business Studies in London, she began working at the age of 23 in Zara’s Chelsea branch, before moving to Bershka and eventually to the Inditex head office in Arteixo (La Coruña). He was Inditex’s executive president between 20 and CEO between 20 and when the company announced in November 2021 that Ortega would take over as executive president in April 2022, share prices fell. Ortega succeeded Pablo Isla, who twice received Harvard Business Review’s Best-performing CEO award. Kantar BrandZ, which ranks world brands, placed Inditex at the head of Spain’s top brands in 2022 for the fifth consecutive year, ahead of Movistar, Iberdrola or Santander. She is the 39-year-old daughter of Amancio Ortega, Spain’s richest man and one of the richest in the world, who founded the Inditex empire based on the Zara clothing chain. AS International Women’s Day approaches on March 8, Marta Ortega prepares to celebrate her first year as Inditex president.
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