Fashion Watch Trend Report: Spain's richest man Amancio Ortega, is perhaps the world's most low-profile dignitaries, as soon from the fast-fashion giant Inditex Group's retirement this week attracted great media attention, Inditex, Zara's parent company, ie, by 35 years before he founded a shop in La Coruna in the progressive development and achievements of today's brilliant.
Spain's richest man Amancio Ortega
No media camera time, no formal farewell ceremony and celebration party. The 74-year-old billionaire to avoid interviews and reports, very few public appearances and even evade the meeting with the Spanish crown prince, only 98,000 employees to send him a short notice and announced that he would appoint Vice Chairman & CEO The Pablo Isla take his place, the T station at the helm of this fashion catwalk into the public life of the textile empire.
"Dear friends, now is the time to announce the news, Pablo Isla as executive officer to attend the next Board of Directors, we are filled with hope and responsibility." He also praised his successor was "young and experience the perfect combination. " Isla worked in the five years this group, the 47-year-old successor to Inditex's Zara and other brands into Asia and established a network marketing system, Zara.com.
Maintained his usual style, his father a railway worker Amancio Ortega in 2010 on the Forbes rich list ranked No. 9 but still maintained a modest style, not why he chose this time to pass the torch relay in the next ruler for specific explanation. But given Mr. Ortega's age, and the company's worldwide recession remained healthy development, and therefore the appropriate change period. Its cheap and trendy clothing stores, including Zara's sister brands such as Pull & Bear, Massimo Dutti, Bershka, Zara Home and the new accessories brand founded Uterqüe other in difficult times have been a certain amount of development and growth, Inditex in the first year the end of third quarter sales of up to 89 billion euros, an increase of 14 percentage points.
Fashion clothing
"Now is the ideal time to resign," Barcelona Pinnawela School of Business marketing professor Jose Luis Nueno said, "the company has shown it can run in any capacity of the external environment, but Mr. Ortega has 75 old but still remain a healthy body. Now is the best time to declare the company to the market soon by the new rulers of management and leadership. We all do not want to change jobs due to a sudden attack of disease management or poor management of the company and not not to take decisions and measures. "
Mr. Ortega's successor, his common touch has won recognition for doing low-key after retirement, Ortega still holding 6 percent of the shares. Mr Isla is responsible for contacts between the Government, stock changes and attend the annual general meeting. Mr. Ortega is so low key that Inditex public in 2001 when the stock price rose, he only spent 15 minutes look at the news broadcast and in the company's restaurant for lunch to celebrate. "When the Spanish Prime Minister to convene the domestic implementation of the 20 top managers met to discuss the economic crisis, except he did not participate." Nueno said Mr.
Nueno Renwei Inditex Isla's appointment indicates that the implementation of management positions are not "the throne hereditary," but there are still some observers see it as a temporary expedient, through loyal and loved by the owner of Interim managers, to ensure the continuity of family business, until Ortega youngest daughter to do that is lawful successor to take over the preparation. Like her father, 26-year-old Marta has gradually begun to climb the ladder of work in her father's company established in 2007, she became a clerk in a London Bershka stores. Her experience in Barcelona and Shanghai, some exercise and now she Inditex headquarters in Artest repair.
Mr. Ortega may be a "publicist's nightmare," but his business in Spain has been a hot topic. His experience and Galicia scratch the poor humble origins in rural areas, but inspire and motivate a generation of Spanish textile and garment sector entrepreneurs. Many details through his friends and partners around carefully revealed, the fear of damage has been maintaining his privacy. But we can understand roughly Synopsis: had no formal education, Ortega became a Mr. newsboy at age 13, and then he started sewing assistants. When he observed that when the dealer's price, he learned every aspect of the control of the value chain, from manufacturing to distribution, are then applied to Zara's operations.
His first attempt for the imitation is in the 60's, when he runs a lingerie shop. He put a flower decorated with expensive designer clothes at home to re-adjust his wife's sister in the living room for hand-cutting, which became his first step to imitate high-priced goods, which was successfully sold. Then the other models are also born. 27 years old, he built his first garment factory in 1975, Zara's first store open for business, it has a clean and orderly and rapid replacement of window display of products. It is located opposite a traditional department store, seems to presage the coming change.
Zara is now with the paella and sangria as a symbol of Spain, Inditex is the world's largest retailer, than as a competitor H & M and GAP. Companies around the world an example of a study and research. Its success is partly due to quick and efficient storage system, which makes the shop with the fastest speed adjustment according to the whims of consumer products on the shelves. Mr. Ortega to his low-key build-up to 250 billion in assets. According to Forbes records, he was in Paris, London, Lisbon and Miami has a considerable amount of property, a race course, the investment for a football team, and gasoline, tourism and investment banks. The billionaires do not like to be photographed image is always left vague, such as being under the paparazzi candid photos. He had never been the way people find to wear ties (except for his own wedding.) His first annual report in 2001 did not leave before the appearance of the official portrait than one. He does not like to use the same way ignored, it was reported early in preparation for listing, he had suffered from the bankers to work overtime. "We can see that, to him it is in a kind of torture," one banker told reporters at that time.
Mr. Nueno said he rarely used business terms, compared to expansion plans, he prefers to think about the store layout and design of clothing, in addition to the shop is overwhelmed by the speed, almost every 36 hours there is a new store was born. Even after retirement, he is likely to continue to work state. "I think, Ortega does not play golf, Mr.," Nueno said. "He focused on the company's soul. I think he will not leave the team until he dies."
Remain in the family heirs
Sugar Family
Apprentice TV show (The Apprentice) to treat the host of the children had described him as a "tough love", he let them go to McDonald's, now Lord Sugar's son Daniel runs Amsair and Amsprop, the group's aviation and financial fields.
Botin family
Emilio Botin, Spain's Santander banking giant a leader in the nomination of his daughter last year to become chief executive of the bank. In the case of three generations of directors are men, she became the first chair of Spain's largest bank overall situation of women leaders.
Murdoch Family
He dropped out of Harvard, but the media mogul Rupert Murdoch's younger son James Murdoch is now a brand in Europe and Asia, News Corp CEO of a large area. His shrewd business sense made him the father of all ages, and inherited his father.
Article Source: http://www.v-trend.biz
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