London - They say crime doesn’t pay, but working in fashion certainly does, as Bernard Arnault, CEO, and Chairman of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, becomes the fourth richest man in the world. His luxury company, which owns leading fashion houses such as Louis Vuitton, Fendi and Givenchy enjoyed one of its best years to...
Mar 7, 2018
The founder of Inditex, Amancio Ortega, has left his positions in 53 subsidiaries of the textile group, six years after having ceded the presidency of the group to Pablo Isla. With this gesture, the founder of the largest fashion retail group in the world kicks off his retirement The businessman, who left the executive functions of Inditex in...
Dec 18, 2017
The fashion industry is an ever-changing sector where anything goes. One year, your brand could be the most coveted and desirable it-brand, the next year it could be on the brink of bankruptcy. However, there are a few famed fashion houses and retailers who have fought against the odds and continue to deliver designs that satisfy their consumers...
Mar 21, 2017
London - As the end of the year draws ever closer, FashionUnited takes a moment to reflect back on 2016. Fashion has always been a big business, but this year saw some of the richest individuals working in fashion become even richer, in spite of economical and political uncertainties sweeping across the globe. Unsurprisingly, the title of the...
Dec 15, 2016
London - “I think that fashion has become such a big business and with globalisation we are on new territory at this point. We are not just designing for a country we are designing for a world now,” said American fashion designer Anna Sui in an interview with CNN in 2006. Ten years later, and the business of fashion continues to boom. Fashion is...
Last Friday saw the founder of fast-fashion empire Inditex, Amancio Ortega, briefly claim the title of world's richest man after company stocks grew 5.3 percent. According to Forbes World's 'real time' Billionaire list, the Spanish fashion mogule reached an all time high net worth of 79.9 billion dollars, thanks to a sudden increase in stock...
Oct 23, 2015
London - Spanish retail magnate Amancio Ortega is now worth 71.5 billion dollars, according to the Bloomberg Billionaires Index, and has taken second place in the ranking of the world’s richest people for the first time. Ortega, who owns 59 percent of Inditex, the world’s largest clothing retailer which runs chains including Zara, Massimo Dutti,...
Jun 9, 2015
Forbes have released its annual billionaire list and for the second year running, fashion’s richest man is LVMH chairman Bernard Arnault, who came in a number 4 on the list with his net worth valued at $41bn, which also made him the richest man in Europe. Arnault was closely followed by founder of high street store Zara, Amancio Ortega who came...
Mar 9, 2012
Zara´s parent group, Inditex, has been shortlisted to enter the EuroStoxx 50. The largest world fashion retailer recently joined the Spanish benchmark index, the Ibex35, substituting Picking Pack. Zara´s group might take the place of Deutsche Börse or Crédit Agricole among the largest listed European companies, financial journal Expansión...
Aug 26, 2011
During Inditex’ annual meeting, 75 year old billionaire and Zara founder Amancio Ortega announced to step down as teh president of the company. With 59.29% he is the largest shareholder of the company, and Ortega will stay on as board member of the spanish retailer. In 1975, Ortega opened the doors of the first Zara store in La Coruna, Spain,...
Jul 21, 2011
