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Inditex

March 14, 2013

Several European family businesses have posted encouraging results for 2012, with Inditex, Merck, Mercadona and Henkel all reporting strong revenue increases.

Several European family businesses have posted encouraging results for 2012, with Inditex, Merck, Mercadona and Henkel all reporting strong revenue increases.

Inditex
On 13 March, Spanish clothing giant Inditex said revenues for its fiscal 2012 were €15.9 billion – an increase of 16% on 2011's figures.

June 19, 2012

It may be a difficult period for the European economy, but three family businesses in the region have reported strong results – British conglomerate Bibby Line Group saw its annual profit rise by more than 50%, while rival fashion retailers Inditex and H&M posted strong quarterly results.

It may be a difficult period for the European economy, but three family businesses in the region have reported strong results – British conglomerate Bibby Line Group saw its annual profit rise by more than 50%, while rival fashion retailers Inditex and H&M posted strong quarterly results.

March 22, 2012

It’s been a mixed week for family businesses across the world, with some, including Wendel, Inditex and Carlson, reporting strong financial results, while Independent News & Media saw profits hit by tough trading conditions. 

It’s been a mixed week for family businesses across the world, with some, including Wendel, Inditex and Carlson, reporting strong financial results, while Independent News & Media saw profits hit by tough trading conditions.

Wendel, the French investment company controlled by the eponymous family, said on 22 March that revenues jumped 17.5% in 2011 to €5.95 billion, from €5.07 billion in 2010.

September 21, 2011

Weaker consumer sentiment is not affecting fashion empire Inditex, which has seen sales jump by 12% in the first half of 2011.

Weaker consumer sentiment is not affecting fashion empire Inditex, which has seen sales jump by 12% in the first half of 2011.

The Spanish retail giant, controlled by billionaire Amancio Ortega, reported net sales of €6.2 billion during the first half of this year, up from €5.5 billon during the same period in 2010.

May 23, 2011

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Inditex, founded by Spanish billionaire Amancio Ortega, announced on 19 May that it has opened its flagship Zara store in Sydney, Australia as part of its strategy to expand in Latin America, Australia and Africa.

January 12, 2011

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

Amancia Ortego, the billionaire founder of Spain-based Inditex Group, owner of clothing brand Zara, plans to retire as chairman of the company he started 25 years ago, leading to speculation that his daughter might be the eventual heir apparent.

He will be replaced by non-family member Pablo Isla, the current chief executive and chairman, but some insiders reckon that his youngest daughter, Marta Ortego Perez, will eventually take control of Inditex.  

March 19, 2010

Fashion group Inditex, controlled by billionaire Amancio Ortega and his family, gave its most upbeat economic outlook for two years this week as it reported an increase in net income of 5% for 2009.

Fashion group Inditex, controlled by billionaire Amancio Ortega and his family, gave its most upbeat economic outlook for two years this week as it reported an increase in net income of 5% for 2009.

The Spain-based group opened 343 new stores in 2009, 98% of which were outside the domestic market, and reported a net income of €1.3 billion. This increase was particularly prominent in the Asian market where sales accounted for 12.2% of total sales, compared to 2008 where they were 10%. 

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