As an employer, it’s the city’s lifeblood: in 2017, Inditex overtook fishing as the region’s main driver of GDP. The group comprises seven brands, including Pull&Bear and Bershka, of which Zara, the largest, accounts for 73 per cent of sales. In the full-year 2022 results published on 15 March, sales reached €32.6bn (up 17.5 per cent on 2021). Inditex is a colossus among retailers its apparel and footwear enjoys a global market share of 1.6 per cent. Its near neighbour is the shipping-forecast outpost Finisterre. The headquarters are far removed from the world of fashion in a huge glass complex in Arteixo, near the city of A Coruña on the north-west tip of Galicia. Her half-sister Sandra Ortega Mera has no part in the Inditex management, but acceded €6.3bn on her mother’s death in 2013. Ortega Pérez’s second husband, Carlos Torretta, a cute, pony-tailed former model agent and golf fanatic, is the head of communication at Zara (she has one child with him, and one with her ex-husband, Sergio Álvarez Moya, whom she divorced in 2015). Óscar Pérez Marcote is Zara’s managing director another uncle, Jorge Pérez Marcote, is the managing director of Massimo Dutti. Today, Flora Pérez represents the family’s 60 per cent share on the board. Born in 1984, she is the only daughter of Flora Pérez, the second wife of Amancio, who was still married to Rosalia Mera, his Zara co-founder, at the time. Ortega Pérez started working officially at Inditex 16 years ago although, arguably, she was in the business from the womb. And all my mum’s family work in the company.So we talked about the company a lot.” But also my mum has two sisters and four brothers. “Obviously, my father was working most of the time. She speaks quickly and confidently in English in a low and throaty voice. In person she is friendly, fun and courteous she’s also striking-looking in the flesh. We are eating lunch at the Inditex headquarters, following an extensive, multi-department Zara tour. “When I was a kid, my mum was doing the women’s collections for Zara,” says Ortega Pérez of her first consciousness of the business. It’s like Succession but with friendly Spanish people, delicious food and better clothes. “It’s a different generation and a different time,” says Ortega Pérez of her father’s legacy © David Simsįamily is huge at Inditex. Speaking to his biographer in The Man from Zara, first published in 2008, Amancio Ortega Gaona said of his daughter: “What gives me a great deal of peace of mind is that we’ve managed to make it to the second generation almost without anybody noticing… The problem of succession is settled, because everything has been delegated.” Marta Ortega Pérez’s path was mapped a long, long time ago. The market was wary of the lawyer who would replace Carlos Crespo, who had served as CEO since 2019.īut no one in the company was ruffled. There were further wobbles when it was discovered that she would be arriving with Óscar Garcia Maceiras, a new and largely unknown CEO. Twice married, and best known via party pictures in the Spanish tabloids, Ortega Pérez had been dismissed frequently by the chauvinistic media as being a showjumping socialite. This charismatic yet soft-spoken host was tipped as heir to his retail dynasty.Ī few weeks later, it was announced that Ortega Pérez would become the new non-executive chair at Inditex, starting in April 2022. Her name was Marta Ortega Pérez, the daughter of the Inditex and Zara co-founder, Amancio Ortega Gaona, whose personal wealth is estimated to be around $77.7bn. The centre of the party gravitated around a chic, rather grave-looking thirtysomething woman with a choppy bob and heavy brows. The room had a rare intoxicating quality, the sense that everyone was here. Photographers – Inez & Vinoodh, Craig McDean and David Sims – chatted to models, editors and stylists associated with the world’s most esteemed newspapers and magazines. Here, in dusky candlelight, stood the nexus of the fashion industry. Another cocktail evening during shows, we shrugged, but went along to check things out. Charlotte Gainsbourg was launching a denim collaboration with Zara, hosting an evening at Hôtel Particulier Solférino in Saint-Germain. It was during the spring-summer season of collections, and a week of parties in a rare pandemic lull. I got the sense something had happened about 18 months ago in Paris. Sometimes power transfers happen slowly – less a regime change than the steady accretion of quiet power.
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