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|-
|-
!Company
!Company
!No. of shops (14/11/2015)
!No. of shops (2/07/2015)<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2015-01-31 |accessdate=2014-12-29}}</ref>
!Year of creation
!Year of creation
|-
|-
|[[Zara (retailer)|Zara]]
|[[Zara (retailer)|Zara]]
|2109
|2104
|1975
|1975
|-
|-
|[[Bershka]]
|[[Bershka]]
|1010
|1014
|1998
|1998
|-
|-
|[[Stradivarius (Inditex)|Stradivarius]]
|[[Stradivarius (Inditex)|Stradivarius]]
|909
|919
|1999 (acquired)
|1999 (acquired)
|-
|-
|[[Pull and Bear]]
|[[Pull and Bear]]
|901
|905
|1991
|1991
|-
|-
|[[Massimo Dutti]]
|[[Massimo Dutti]]
|719
|716
|1995 (acquired)
|1995 (acquired)
|-
|-
|[[Oysho]]
|[[Oysho]]
|580
|588
|2001
|2001
|-
|-
|[[Zara Home]]
|[[Zara Home]]
|454
|462
|2003
|2003
|-
|-
|[[Uterqüe]]
|[[Uterqüe]]
|66
|70
|2008
|2008
|-
|-
|TOTAL
|TOTAL
|6777
|6683
|
|
|}
|}

Revision as of 11:47, 14 November 2015

Industria de Diseño Textil, S.A.
Company typeSociedad Anónima
BMAD: ITX
ISINES0148396007
IndustryRetailing
Predecessor
  • Confecciones GOA, S.A.
  • GOASAM, S.A.
FoundedArteixo, Spain (June 12, 1985 (1985-06-12))
FounderAmancio Ortega
Rosalía Mera
Headquarters
Arteixo
,
Spain
Number of locations
6683 stores (January 31, 2015)
Area served
Global
Key people
Pablo Isla (Chairman and CEO)
Ignacio Fernández (CFO)
ProductsApparel/footwear specialty, other specialty
Revenue€16.72 billion (2013)[1]
€3.070 billion (2013)[1]
€521 million euros(2015, 1Q)[2]
Total assets€13.756 billion (2013)[1]
Total equity€9.278 billion (2013)[1]
Number of employees
128,313 (2013)[1]
SubsidiariesZara, Pull & Bear, Bershka, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe, Tempe
Websitewww.inditex.com

Industria de Diseño Textil, S.A. (Inditex) (/ˌɪndɪˈtɛks/, Spanish: [indiˈteks]; Textile Design Industries) is a Spanish multinational clothing company headquartered in Arteixo, Galicia. It is made up of almost a hundred companies dealing in activities related to textile design, production, and distribution. Amancio Ortega, Spain's richest man, and currently the world's second richest man, is the founder and current largest shareholder. The current chairman of Inditex is Pablo Isla. The company is a component of the Euro Stoxx 50 stock market index.[3]

Inditex, the biggest fashion group in the world, operates over 6,600 stores worldwide[4] and owns brands like Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, Zara, Tempe, and Uterqüe, and also a low-cost brand Lefties. The majority of its stores are corporate-owned; franchises are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).

The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.

Most of the company's manufacturing is done in countries with low labour costs, mainly in Bangladesh, India, Morocco, China and Turkey, although some production continues in Spain, Brazil and Portugal, particularly for its Zara brand. In addition, Inditex has a factory for shoe design, production and distribution in the town of Elche, on the Spanish Mediterranean coast.

History

The company started by introducing a new concept of fashion design: instead of long-lasting pieces of clothing, they offered a great variety at affordable prices. In the beginning, Zara became famous by offering clothing at low prices and then slowly worked its way up to match the quality of today's best brands.

The group started its activity in 1963 as a dress maker, but it wasn't until 1975 that Zara shop opened its doors in A Coruña (Galicia, Spain), the city which saw the group's early beginnings and which is now home to its central offices.

The international expansion of the group began in 1988, with Inditex opening its first foreign store in Oporto, Portugal. Today, Inditex's stores can be seen in places like New York's Fifth Avenue, Milan's Piazza Duomo, London's Regent Street and Oxford Street, Frankfurt's Zeil, Shanghai's Nanjing West Road, Tokyo's Shibuya, Istanbul's Nişantaşı, Seoul's Myeong-dong, and Vienna's Kärntner Straße.

In the 1990s, Inditex began creating or acquiring subsidiaries to manage different collections: Bershka, Pull and Bear, Massimo Dutti, and Stradivarius.

In May 2001, Inditex turned into a publicly traded company, being valued at US$8 billion (€9 billion at the time).[5]

Inditex won the 2006 Wharton Infosys Business Transformation Award for their innovative and successful implementation of information technology to drastically decrease the time it takes to get new merchandise from the design stage to the in-store stage.[citation needed]

In 2008, Inditex launched Uterqüe, the new accessories brand of the company. Three inaugural flagship stores were opened in Madrid (Calle Serrano), Barcelona (Passeig de Gràcia) and A Coruña.

On 22 September 2008, Inditex opened its 4,000th store in the Ginza in Tokyo, considered one of the most important shopping areas in the world.[citation needed]

In 2010, Zara had sales of €12.5 billion, with only twice a year newspaper advertisements.[6]

On 20 April 2011, the first Zara store opened in Australia. Thus, the Inditex group was present for the first time on five continents, and in 86 countries.

After the 2013 Savar building collapse, Inditex was one of the thirty-eight companies who signed the Accord on Factory and Building Safety in Bangladesh.

In 2015 Inditex bought commercial properties in Soho, New York City for over $280 million. They plan to open Zara and other stores on Broadway.[citation needed]

In the first quarter of its fiscal year 2015, Inditex recorded an attributable profit of 521 million euros, which represents an increase of 28 percent over the same period last year in 2014. [7]

Subsidiaries

Inditex Global Presence
  • Zara - Flagship brand.[6] It encompasses many different styles, from daily clothes, more informal, to the more serious or formal, through dresses and suits for festival events. Fashion for women, men and children.
  • Zara Kids - Kids Clothing from 0 to 14 years old.
  • Pull and Bear - This brand focuses on casual, laid-back clothing and accessories for young people with a very urban style, at accessible prices.
  • Bershka - Starting in 1998, this store began distributing fashion for girls, and, more recently, for boys too. It also has a youthful style, although not as urban as Pull & Bear.
  • Massimo Dutti - The highlights of this chain are more elegant, classic, and studied designs, for daily and formal clothes. It is more expensive than the rest of stores of the group. It offers fashion for women, men and, recently, for children.
  • Stradivarius – This brand has an innovative concept in fashion,[citation needed] targeting young women with clothing garments and accessories.
  • Oysho - Women's homewear and undergarments.
  • Zara Home - Domestic merchandise
  • Uterqüe - Accessories and garments
  • Tempe - Footwear
Company No. of shops (14/11/2015) Year of creation
Zara 2109 1975
Bershka 1010 1998
Stradivarius 919 1999 (acquired)
Pull and Bear 905 1991
Massimo Dutti 716 1995 (acquired)
Oysho 588 2001
Zara Home 462 2003
Uterqüe 70 2008
TOTAL 6777

Corporate affairs

Headquarters

Inditex headquarters are located in Sabón industrial park in Arteixo, a small industrial town in the A Coruña metropolitan area.

Shareholding

The majority shareholders of Inditex are its co-founders - Amancio Ortega and Rosalía Mera; Ortega owns 59% of the company through Gartler, S.L. (50%) and Partler, S.L. (9%) and Mera's heirs own 6% of the company through Rosp Corunna Participaciones Empresariales, S.L..

References

  1. ^ a b c d e f "Annual Report 2013" (pdf). Inditex. Retrieved 18 December 2014.
  2. ^ Gonzalez-Rodriguez, Angela (11 June 2015). "Euro's depreciation suits Inditex well in the first quarter". FashionUnited. Retrieved 1 July 2015.
  3. ^ Frankfurt Stock Exchange
  4. ^ "Grupo INDITEX - Our group". Inditex. Retrieved 28 February 2015.
  5. ^ Inside Zara Forbes Global
  6. ^ a b Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN 978-1-118-17176-9.
  7. ^ Gonzalez-Rodriguez, Angela (11 June 2015). "Euro's depreciation suits Inditex well in the first quarter". FashionUnited. Retrieved 18 June 2015.
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