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Examine individual changes

This page allows you to examine the variables generated by the Edit Filter for an individual change.

Variables generated for this change

VariableValue
Whether or not the edit is marked as minor (no longer in use) (minor_edit)
false
Edit count of the user (user_editcount)
null
Name of the user account (user_name)
'82.213.182.160'
Age of the user account (user_age)
0
Groups (including implicit) the user is in (user_groups)
[ 0 => '*' ]
Rights that the user has (user_rights)
[ 0 => 'createaccount', 1 => 'read', 2 => 'edit', 3 => 'createtalk', 4 => 'writeapi', 5 => 'editmyusercss', 6 => 'editmyuserjs', 7 => 'viewmywatchlist', 8 => 'editmywatchlist', 9 => 'viewmyprivateinfo', 10 => 'editmyprivateinfo', 11 => 'editmyoptions', 12 => 'abusefilter-view', 13 => 'abusefilter-log', 14 => 'abusefilter-log-detail', 15 => 'centralauth-merge', 16 => 'vipsscaler-test', 17 => 'ep-bereviewer' ]
Global groups that the user is in (global_user_groups)
[]
Whether or not a user is editing through the mobile interface (user_mobile)
false
Page ID (page_id)
725765
Page namespace (page_namespace)
0
Page title without namespace (page_title)
'Inditex'
Full page title (page_prefixedtitle)
'Inditex'
Last ten users to contribute to the page (page_recent_contributors)
[ 0 => 'KolbertBot', 1 => 'Jansola724', 2 => 'Bender the Bot', 3 => 'BD2412', 4 => '95.16.77.201', 5 => 'UnitedStatesian', 6 => 'DocWatson42', 7 => '207.188.71.226', 8 => 'Gomorrita', 9 => '77.54.212.28' ]
First user to contribute to the page (page_first_contributor)
'Vikingstad'
Action (action)
'edit'
Edit summary/reason (summary)
'/* Online presence */ Fixed typo'
Old content model (old_content_model)
'wikitext'
New content model (new_content_model)
'wikitext'
Old page wikitext, before the edit (old_wikitext)
'{{Use dmy dates|date=February 2011}} {{Infobox company | name = Industria de Diseño Textil, S.A. | logo = [[Image:Inditex.svg|250px]] | type = [[S.A. (corporation)|Sociedad Anónima]] | traded_as = {{BMAD|ES0148396007|ITX}} |ISIN = ES0148396007 | predecessor = {{unbulleted list|Confecciones GOA, S.A.|GOASAM, S.A.}} | founder = [[Amancio Ortega]]<br />[[Rosalía Mera]] | area_served = Global | key_people = [[Pablo Isla]] <small>([[Chairman]] and [[chief executive officer|CEO]])</small> | industry = [[Retailing]] | products = [[Clothing]] & [[Fashion]] retailer | revenue = [[Euro|€]]20.900 billion (2015)<ref name="AR2015">{{cite web |url=https://www.inditex.com/en/investors/investors_relations/financial_data|title=Financial Data|format=pdf |access-date=16 March 2016|publisher=Inditex}}</ref> | operating_income = €3.677 billion (2015)<ref name="AR2015" /> | net_income = €2.9 billion (2015)<ref name=bbc2016/> | assets = €17.357 billion (2015)<ref name="AR2015" /> | equity = €11.451 billion (2015)<ref name="AR2015" /> | owner = [[Amancio Ortega]] (59%) | num_employees = 152,854 (2015)<ref name =bbc2016>{{cite web|url=http://www.bbc.com/news/business-35761916|title=Zara Owner Inditex Sees Profits Jump as Sales Soar|publisher=BBC|date=9 March 2016 |access-date=16 March 2016}}</ref> | subsid = [[Zara (clothing)|Zara]], [[Pull & Bear]], [[Bershka]], [[Massimo Dutti]], [[Stradivarius (Inditex)|Stradivarius]], [[Oysho]], [[Zara Home]], [[Uterqüe]] | intl = Yes | homepage = {{URL|http://www.inditex.com}} | foundation = [[Arteixo]], [[Spain]]<br />({{Start date and age|1985|06|12}}) | location_city = [[Arteixo]] | location_country = [[Spain]] | locations = 7292 stores<ref name="AR2015" /> }} '''Industria de Diseño Textil, S.A.''' ('''Inditex''') ({{IPAc-en|ˌ|ɪ|n|d|ɪ|ˈ|t|ɛ|k|s}}, {{IPA-es|indiˈteks|lang}}; Textile Design Industries) is a [[Spain|Spanish]] [[Multinational corporation|multinational]] clothing company headquartered in [[Arteixo]], [[Galicia (Spain)|Galicia]].<ref>{{cite web|url=https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse|title=Inditex: Spain's Fashion Powerhouse You've Probably Never Heard Of|publisher=The Guardian|first=Sarah |last=Butler|date=14 December 2013|access-date=20 April 2016}}</ref> Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|last=|first=|date=|website=www.inditex.com|archive-url=|archive-date=|dead-url=|access-date=2017-03-16}}</ref><ref name =bbc2016 /><ref name=bof>{{cite web|url=http://www.businessoffashion.com/articles/intelligence/inditex-agile-fashion-force|title=Inditex:Agile Fashion Force|publisher=Business of Fashion|date=30 March 2015|first1=Kate |last1=Abnett |first2=Imran |last2=Amed|access-date=20 April 2016}}</ref> The company's flagship store is [[Zara (retailer)|Zara]], but it also owns the chains [[Zara Home]], [[Massimo Dutti]], [[Bershka]], [[Oysho]], [[Pull and Bear]], [[Stradivarius (Inditex)|Stradivarius]] and [[Uterqüe]]. The majority of its stores are corporate-owned, while [[Franchising|franchise]]s are mainly conceded in countries where corporate properties can not be foreign-owned.<ref name=fund /> The company operates a unique business model: instead of committing a large percentage of production for the next fashion season, the company commits a small amount and uses customer feedback and an efficient production network to replenish stores with new and different products weekly.<ref name =bof /> New styles are prototyped in just 5 days and 60% of the manufacturing happens locally to shorten lead-times.<ref>{{Citation|last=Fashion Business Education|title=The Zara Way: How Inditex beats the competition (Business model)|date=2017-01-04|url=https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be|accessdate=2017-06-28}}</ref> In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.<ref name =npr>{{cite web|url=http://www.npr.org/2013/03/12/173461375/the-recluse-spanish-billionaire-behind-zaras-fast-fashion-empire|title=The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire|publisher=NPR|first=Lauren|last=Frayer|date= 12 March 2013 |access-date=20 April 2016}}</ref> ==History== ===Early history=== In the early 1960s, Amancio Ortega got his start in the clothing industry as a teen while working for a local shirt maker in [[A Coruna]], Spain.{{fact|date=October 2016}} Ortega began developing his own designs and he and his wife, [[Rosalia Mera]], began making clothes from their home.<ref name= fund /><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2013-08-16/rosalia-mera-retailer-who-was-spain-s-richest-woman-dies-at-69|title=Rosalia Mera, Who Was Spain's Richest Woman, Dies at 69|publisher=Bloomberg Business|date=15 August 2013|first=Manuel |last=Baigorri|access-date=20 April 2016}}</ref> Ortega had saved up enough money to open a small factory and sold garments to his former employer amongst others.<ref name= fund/> In 1975, the couple opened their first store, Zara, which produced popular fashion at low prices.<ref name=fund /><ref name= npr /> The following year, Zara was incorporated and began opening more stores and factories in Spain.<ref name=fund /> Later that year, after Ortega noticed the growing importance of computers, a local professor, [[José María Castellano]], was hired to grow the company's computing power.<ref name=fund/><ref name=abb>{{cite web|url=http://www.ft.com/intl/cms/s/2/a7008958-f2f3-11e3-a3f8-00144feabdc0.html#slide0|title=Fashion:A Better Business Model|publisher=Financial Times |first=Tobias |last=Buck |date=18 June 2014|access-date=20 April 2016}}</ref> ===1980–2000=== In the 1980s the company implemented a new design and distribution method that drastically reduced the time between design, production, and arrival at retail sites.<ref name= oz>{{cite book|title=The Last Retail Evolution|first=Tolga |last=Ozkurt|publisher=Editrice Le Fonti |ISBN=978-88-6109-075-0 |url=https://books.google.com/books?id=cZreKquj8iQC&printsec=frontcover&dq=inauthor:%22Azkurt+Tolga%22&hl=en&sa=X&ved=0CCYQ6AEwAGoVChMI_sPZ3vb0yAIVRMhjCh0MMQlq#v=onepage&q&f=false|pages=47–49}}</ref> The system was designed by Castellano who became the CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.<ref>{{cite web|url=https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0|title=How Zara Grew Into the World's Largest Fashion Retailer|publisher=New York Times Magazine |date= 9 November 2012|first=Suzy |last=Hansen |access-date=8 April 2016}}</ref> In 1988, the company began expanding internationally with the opening a Zara store in [[Oporto]], [[Portugal]].<ref>{{cite web|url=http://news.bbc.co.uk/2/hi/business/1346473.stm|title=Spain's Retail Success Story|publisher=BBC News |first=Orla |last=Ryan |date=23 May 2001 |access-date=8 April 2016}}</ref> In 1990, the company owned footwear collection, Tempe, populated in the children's section of Zara stores.<ref>{{cite web|url=https://www.tempe.es/en/trayectoria-tempe|title=Company History|publisher=Tempe Groupo Inditex|access-date=8 April 2016}}</ref> In 1991, Inditex created the company Pull and Bear, a casual menswear company.<ref>{{cite web|url=http://www.pullandbear.com/mk/en/company-c57003.html?subsectionId=company_01_01|title=Company History|publisher=Pull and Bear|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.fashionunited.co.uk/news/columns/pull-and-bear-first-uk-store-200806095691|title=Pull and Bear First UK Store|publisher=Fashion United|access-date=8 April 2016}}</ref> Later that year, the company also acquired a 65 percent share in the upscale Massimo Dutti brand. Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing.<ref>{{cite web|url=http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archiveurl=https://web.archive.org/web/20150628161242/http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archivedate=2015-06-28|title=Lefties:The Zara Outlet You Never Knew About|publisher=The Telegraph|date=19 March 2014|first=Bibby |last=Sowray|accessdate=4 November 2015}}</ref> In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.<ref>{{cite web|url=https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d|title=Annual Report Massimo Dutti|publisher=Inditex|date=1998|access-date=8 April 2016}}</ref> In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion.<ref>{{cite web|url=https://www.inditex.com/brands/bershka|title=Bershka About|publisher=Inditex|access-date=8 April 2016}}</ref> The company bought the Stradivarius in 1999, a youthful female fashion brand.<ref name = fund>{{cite web|url=http://www.fundinguniverse.com/company-histories/industria-de-dise%C3%B1o-textil-s-a-history/|title=Industria de Diseno Textil S.A. History |publisher=Funding Universe|access-date=8 April 2016}}</ref> ===2001–present=== Inditex had its [[initial public offering]] in 2001, on the Bolsa de Madrid.<ref>{{cite web|url=https://www.wsj.com/articles/SB988496129402059841|title=Inditex Sets IPO Price Range Amid Strong Market Demand|publisher=The Wall Street Journal |first1=Carlta |last1=Vitzthum |first2=Silvia |last2=Ascarelli |date=29 April 2015| access-date=8 April 2016}}</ref> The IPO sold 26 percent of the company to public investors, the company was valued at US$8 billion (€9 billion at the time).<ref>{{cite web|url=https://www.forbes.com/global/2001/0528/024.html|title=Inside Zara|publisher=Forbes|first=Richard|last=Heller|date=28 May 2001|access-date=8 April 2016}}</ref> The same year, the company launched the [[lingerie]] and women's clothing store Oysho.<ref>{{cite web|url=https://fashionbi.com/brands/oysho/info|title=About Oysho|publisher=FashionBi|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/|title=Zara Leads in Fast Fashion|publisher=Forbes|first=Walter|last=Loeb|date=30 March 2015|access-date=8 April 2016}}</ref> In 2003, Inditex launched the Zara Home brand, which offers bedding, cutlery, glassware and other home decoration accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/SPANISH+CLOTHING+MANUFACTURER+INDITEX+ENTERS+NEW+TERRITORY+WITH+ZARA...-a0103811233|journal=HFN The Weekly Newspaper |publisher= Home Furnishing Network|title=Spanish Clothing Manufacturer Inditex Enters New Territory With Zara Home|date=16 June 2003|first=Barbara |last=Barker|access-date=8 April 2016}}</ref> In 2004, with the opening of store number 2,000 in [[Hong Kong]], Inditex had established its presence in 56 countries.<ref name =elp>{{cite web|url=http://elpais.com/m/elpais/2012/08/14/inenglish/1344945273_865076.html|title=The Man Who Dresses the World|publisher=El Pais|first=Luis|last=Gomez|date=14 August 2012|access-date=8 April 2016}}</ref> In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by current CEO [[Pablo Isla]].<ref name =cast>{{cite web|url= http://www.ft.com/intl/cms/s/0/8db00f16-2e29-11da-aa88-00000e2511c8.html#axzz3qSElNPN4|title=Castellano Steps Down From Inditex|publisher=Financial Times|first=Leslie |last=Crawford| date=26 September 2005|access-date=8 April 2016}}</ref> Inditex launched Uterque in the summer of 2008, the brand specializes in women's accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/H%26M+and+Inditex's+global+expansion+strategies.-a0213856442|title=Retail in Practice:H&M and Inditex's Global Expansion Strategies|publisher=The Retail Digest|date=22 September 2008|first=Raphael |last=Moreau}}</ref> During the same year, the company opened its 4,000th store in Tokyo after doubling in size within four years.<ref name=elp/> In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.<ref name=elp/> Later that year, the company opened a store in [[Australia]], a move that would put the company on five continents and in 77 countries.<ref name=aus>{{cite web|url=http://theconversation.com/zaras-australian-entrance-to-challenge-local-retailers-272|title=Zara's Australian Entrance to Challenge Local Retailers|publisher=The Conversation|first=Lisa |last=Tartaglia |date=18 April 2011|access-date=8 April 2016}}</ref> 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]].<ref>{{cite web|url=https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories|title=Fashion Chains Sign Accord to Help Finance Safety in Bangladesh Factories|publisher=The Guardian|first1=Jason |last1=Burke |first2=Saad |last2=Hammadi |first3=Simon |last3=Neville|date=13 May 2013|access-date=8 April 2016}}</ref> ==International presence== In 1989, a year after entering Portugal, the company entered the U.S. market<ref>{{cite web|url=https://www.forbes.com/2009/03/24/foreign-retailer-favorites-lifestyle-style-foreign-retailer.html|title=America's Favorite Foreign Retailers|publisher=Forbes|author=Lauren Sherman |date=March 24, 2015 |accessdate=April 14, 2016}}</ref> and expanded into the France in 1990.<ref name=fund/> Expansion continued to Mexico in 1992 and Greece in 1993. In 1994, Inditex opened stores in [[Belgium]] and [[Sweden]].<ref name = whar>{{cite web|url=http://knowledge.wharton.upenn.edu/article/fashion-chain-zara-reclaims-the-glory-of-spain/|title=Fashion Chain Zara Reclaims the Glory of Spain|publisher=Wharton University of Pennsylvania|date=April 24, 2003|accessdate=April 14, 2016}}</ref> By 1997, the company had expanded to [[Malta]], [[Cyprus]], [[Norway]] and [[Israel]].<ref name=oz/> In 1998, expansion continued to the [[UK]], [[Turkey]], [[Argentina]], [[Venezuela]], the Middle East and [[Japan]].<ref name= oz/> [[Canada]], [[Germany]], [[Poland]], [[Saudi Arabia]] and several South American countries received stores in 1999.<ref name= whar/><ref name=timel>{{cite web|url= http://www.inditex.com/our_group/our_history|title=Inditex: Our History|publisher=Inditex|accessdate=April 14, 2016}}</ref> In 2016, Inditex announced that they planned to open stores in [[Vietnam]], [[New Zealand]], [[Paraguay]], [[Aruba]] and [[Nicaragua]].<ref name =bbc2016/> The company stores opened in [[Italy]], [[Luxembourg]], [[Puerto Rico]] and [[Jordan]] received stores in 2001. In 2003, Inditex continued its expansion to [[Russia]], [[Slovakia]], and [[Malaysia]].<ref name =timel/> The following year Latvia, Hungary, and Panama amongst other countries received stores, including the 2,000th store in Hong Kong.<ref name=timel/> By 2006, the company had expanded into continental China.<ref name=ind>{{cite web|url=https://www.forbes.com/2010/07/29/forbes-india-zara-business-model-tweak.html|title=Fast Fashion: Zara in India|publisher=Forbes|author=Saumya Roy|date=July 29, 2010|accessdate=April 14, 2016}}</ref> In 2010, the company opened their 5,000th location in Rome<ref name=elp/> and its first in India.<ref name= ind/> The first stores in Australia and South Africa opened in 2011.<ref name =aus/> The company's expansion continued to the [[Republic of Macedonia]], [[Armenia]], [[Ecuador]], [[Georgia (country)]] and [[Bosnia-Herzegovina]] in 2012.<ref name =timel/><ref>{{cite web|url= http://www.retail-week.com/topics/international/inditex-to-open-stores-in-bosnia-and-herzegovina/5034017.article|title=Inditex to Open Stores in Bosnia and Herzegovina|publisher=RetailWeek |date=February 23, 2012 |accessdate=April 14, 2016}}</ref> In 2014, Inditex opened stores in [[Albania]].<ref>{{cite web|url=http://retailnet.eu/2014/04/03/71463-inditex-enters-albanian-market/|title=Inditex Enters the Albanian Market|publisher=Retail Net|author=Lukasz Izakowski |date= April 3, 2014|accessdate=April 14, 2016}}</ref> ==Online presence== In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Berska, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref> ==Brands== Under the Inditex umbrella are several brands that offer a variety of products aimed at different markets.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|website=www.inditex.com|access-date=2016-07-16}}</ref> {| class="wikitable sortable" |- !Company !No. of shops<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2016 |accessdate=8 April 2016}}</ref> !Year of creation <ref>{{Cite web|url=http://www.inditex.com/en/our_group/our_history|title=Our History - inditex.com|website=www.inditex.com|access-date=21 February 2017}}</ref> !Market |- |[[Zara (retailer)|Zara]] |align="center"|2,232 |1975 |Fashion for men, women and children |- |[[Pull and Bear]] |align="center"|982 |1991 |Casual laid-back clothing and accessories for the young |- |[[Massimo Dutti]] |align="center"|769 |1991 (acquired) |High-end clothing and accessories for cosmopolitan men and women |- |[[Bershka]] |align="center"|1,096 |1998 |Blends urban styles and modern fashion for young women and men |- |[[Stradivarius (Inditex)|Stradivarius]] |align="center"|1,015 |1999 (acquired) |Casual and feminine clothes for young women |- |[[Oysho]] |align="center"|646 |2001 |Lingerie, casual outerwear, loungewear and original accessories |- |[[Zara Home]] |align="center"|563 |2003 |Home goods and decoration objects |- |[[Uterqüe]] |align="center"|82 |2008 |High-quality fashion accessories at attractive prices |- |} {{Gallery |title=Inditex brands |width=120 |height=100 |align=center |File:Zara Bruselas 16.jpg |Zara store in Brussels (Belgium) |File:Pull&Bear China.jpg |Pull&Bear store in Shanghai (China) |File:Massimo Dutti París.jpg |Massimo Dutti store in Paris (France) |File:Bershka Taiwán.jpg |Bershka store in Taiwan |File:Stradivarius Grecia.jpg |Stradivarius store in Greece |File:Oysho Suecia.jpg |Oysho store in Stockolm (Sweden) |File:Uterqüe Valladolid.jpg |Uterqüe store in Valladolid (Spain) }} ==Corporate governance== ===Board of Directors=== '''Bold''' indicates a company shareholder and the representative will be listed below. {| class= "wikitable sortable" ! Member ! Title(s) ! Member Since ! class= "unsortable"|Shares Held ! class= "unsortable"|Notes |- | [[Pablo Isla|Mr. Pablo Isla]] | Chairman & CEO of Inditex <br /> Board Member of Telefónica, S.A. | June 2005 | 1,805,302 | rowspan = "9" |<ref>https://www.inditex.com/our_group/board_members</ref> |- | Mr. Jose Arnau Sierra | Deputy Chairman of Inditex <br> First Executive of Grupo Pontegadea <br> Director of GARTLER, S.L. <br> Member of the Board of Trustees of Fundacion Amancio Ortega Gaona | June 2012 | 30,000 |- | [[Amancio Ortega|Mr. Amancio Ortega]] | Founder & Board Member of Inditex | June 1985 | 1,848,000,315 |- | '''Pontegadea Inversiones, S.L. ''' <br>Ms. Flora Perez Marcote | Board Member of Inditex | December 2015 | 1,558,637,990 |- | [[Denise Kingsmill, Baroness Kingsmill|Baroness Kingsmill CBE]] | Board Member of Inditex <br> Member of the supervisory board of EON <br> Non-executive director of International Airlines Group SA <br> Chairman of Mondo <br> Member of the International Advisory Board of the Spanish Business School (lESE) | July 2016 | |- | Mr. Jose Luis Duran Schulz | Board Member of Inditex <br> Independent Director & Member of the Audit Committee of [[Orange (company)|Orange]] | July 2015 | 1,700 |- | Mr. Rodrigo Echenique Gordillo | Board Member of Inditex <br> Chairman of [[NH Hoteles]] | July 2014 | |- | Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros | Board Member of Inditex <br> Chairman of Fraternidad-Muprespa <br> Board Member of [[Acciona|Acciona, S.A.]] <br> Board Member of [[Schindler Group|Schindler Espana]] <br> Board Member of [[Yell Group]] | May 1997 | 150,000 |- | Mr. Emilio Saracho Rodriguez de Torres | Board Member of Inditex <br> Head of Investment Banking of [[JPMorgan Chase|JPMorgan Europe, Middle East, & Africa, Ltd.]] <br> Executive Committee Member of Investment Bank <br> Executive Committee Member of [[JPMorgan Chase]] <br> Deputy-CEO of EMEA | June 2010 | |} == See also == * {{Portal-inline|Companies}} ==References== {{Reflist|30em}} ==External links== {{Commons category|INDITEX}} * {{Official website|http://www.inditex.com}} {{Inditex}} {{Euro Stoxx 50 Companies}} {{IBEX 35 companies}} {{European Retail Round Table}} {{Authority control}} [[Category:Inditex| ]] [[Category:Clothing companies of Spain]] [[Category:Companies based in Galicia]] [[Category:Companies established in 1985]] [[Category:Companies in the Euro Stoxx 50]] [[Category:Companies listed on the Madrid Stock Exchange]] [[Category:Conglomerate companies of Spain]] [[Category:IBEX-35]] [[Category:Multinational companies headquartered in Spain]] [[Category:2001 initial public offerings]]'
New page wikitext, after the edit (new_wikitext)
'{{Use dmy dates|date=February 2011}} {{Infobox company | name = Industria de Diseño Textil, S.A. | logo = [[Image:Inditex.svg|250px]] | type = [[S.A. (corporation)|Sociedad Anónima]] | traded_as = {{BMAD|ES0148396007|ITX}} |ISIN = ES0148396007 | predecessor = {{unbulleted list|Confecciones GOA, S.A.|GOASAM, S.A.}} | founder = [[Amancio Ortega]]<br />[[Rosalía Mera]] | area_served = Global | key_people = [[Pablo Isla]] <small>([[Chairman]] and [[chief executive officer|CEO]])</small> | industry = [[Retailing]] | products = [[Clothing]] & [[Fashion]] retailer | revenue = [[Euro|€]]20.900 billion (2015)<ref name="AR2015">{{cite web |url=https://www.inditex.com/en/investors/investors_relations/financial_data|title=Financial Data|format=pdf |access-date=16 March 2016|publisher=Inditex}}</ref> | operating_income = €3.677 billion (2015)<ref name="AR2015" /> | net_income = €2.9 billion (2015)<ref name=bbc2016/> | assets = €17.357 billion (2015)<ref name="AR2015" /> | equity = €11.451 billion (2015)<ref name="AR2015" /> | owner = [[Amancio Ortega]] (59%) | num_employees = 152,854 (2015)<ref name =bbc2016>{{cite web|url=http://www.bbc.com/news/business-35761916|title=Zara Owner Inditex Sees Profits Jump as Sales Soar|publisher=BBC|date=9 March 2016 |access-date=16 March 2016}}</ref> | subsid = [[Zara (clothing)|Zara]], [[Pull & Bear]], [[Bershka]], [[Massimo Dutti]], [[Stradivarius (Inditex)|Stradivarius]], [[Oysho]], [[Zara Home]], [[Uterqüe]] | intl = Yes | homepage = {{URL|http://www.inditex.com}} | foundation = [[Arteixo]], [[Spain]]<br />({{Start date and age|1985|06|12}}) | location_city = [[Arteixo]] | location_country = [[Spain]] | locations = 7292 stores<ref name="AR2015" /> }} '''Industria de Diseño Textil, S.A.''' ('''Inditex''') ({{IPAc-en|ˌ|ɪ|n|d|ɪ|ˈ|t|ɛ|k|s}}, {{IPA-es|indiˈteks|lang}}; Textile Design Industries) is a [[Spain|Spanish]] [[Multinational corporation|multinational]] clothing company headquartered in [[Arteixo]], [[Galicia (Spain)|Galicia]].<ref>{{cite web|url=https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse|title=Inditex: Spain's Fashion Powerhouse You've Probably Never Heard Of|publisher=The Guardian|first=Sarah |last=Butler|date=14 December 2013|access-date=20 April 2016}}</ref> Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|last=|first=|date=|website=www.inditex.com|archive-url=|archive-date=|dead-url=|access-date=2017-03-16}}</ref><ref name =bbc2016 /><ref name=bof>{{cite web|url=http://www.businessoffashion.com/articles/intelligence/inditex-agile-fashion-force|title=Inditex:Agile Fashion Force|publisher=Business of Fashion|date=30 March 2015|first1=Kate |last1=Abnett |first2=Imran |last2=Amed|access-date=20 April 2016}}</ref> The company's flagship store is [[Zara (retailer)|Zara]], but it also owns the chains [[Zara Home]], [[Massimo Dutti]], [[Bershka]], [[Oysho]], [[Pull and Bear]], [[Stradivarius (Inditex)|Stradivarius]] and [[Uterqüe]]. The majority of its stores are corporate-owned, while [[Franchising|franchise]]s are mainly conceded in countries where corporate properties can not be foreign-owned.<ref name=fund /> The company operates a unique business model: instead of committing a large percentage of production for the next fashion season, the company commits a small amount and uses customer feedback and an efficient production network to replenish stores with new and different products weekly.<ref name =bof /> New styles are prototyped in just 5 days and 60% of the manufacturing happens locally to shorten lead-times.<ref>{{Citation|last=Fashion Business Education|title=The Zara Way: How Inditex beats the competition (Business model)|date=2017-01-04|url=https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be|accessdate=2017-06-28}}</ref> In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.<ref name =npr>{{cite web|url=http://www.npr.org/2013/03/12/173461375/the-recluse-spanish-billionaire-behind-zaras-fast-fashion-empire|title=The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire|publisher=NPR|first=Lauren|last=Frayer|date= 12 March 2013 |access-date=20 April 2016}}</ref> ==History== ===Early history=== In the early 1960s, Amancio Ortega got his start in the clothing industry as a teen while working for a local shirt maker in [[A Coruna]], Spain.{{fact|date=October 2016}} Ortega began developing his own designs and he and his wife, [[Rosalia Mera]], began making clothes from their home.<ref name= fund /><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2013-08-16/rosalia-mera-retailer-who-was-spain-s-richest-woman-dies-at-69|title=Rosalia Mera, Who Was Spain's Richest Woman, Dies at 69|publisher=Bloomberg Business|date=15 August 2013|first=Manuel |last=Baigorri|access-date=20 April 2016}}</ref> Ortega had saved up enough money to open a small factory and sold garments to his former employer amongst others.<ref name= fund/> In 1975, the couple opened their first store, Zara, which produced popular fashion at low prices.<ref name=fund /><ref name= npr /> The following year, Zara was incorporated and began opening more stores and factories in Spain.<ref name=fund /> Later that year, after Ortega noticed the growing importance of computers, a local professor, [[José María Castellano]], was hired to grow the company's computing power.<ref name=fund/><ref name=abb>{{cite web|url=http://www.ft.com/intl/cms/s/2/a7008958-f2f3-11e3-a3f8-00144feabdc0.html#slide0|title=Fashion:A Better Business Model|publisher=Financial Times |first=Tobias |last=Buck |date=18 June 2014|access-date=20 April 2016}}</ref> ===1980–2000=== In the 1980s the company implemented a new design and distribution method that drastically reduced the time between design, production, and arrival at retail sites.<ref name= oz>{{cite book|title=The Last Retail Evolution|first=Tolga |last=Ozkurt|publisher=Editrice Le Fonti |ISBN=978-88-6109-075-0 |url=https://books.google.com/books?id=cZreKquj8iQC&printsec=frontcover&dq=inauthor:%22Azkurt+Tolga%22&hl=en&sa=X&ved=0CCYQ6AEwAGoVChMI_sPZ3vb0yAIVRMhjCh0MMQlq#v=onepage&q&f=false|pages=47–49}}</ref> The system was designed by Castellano who became the CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.<ref>{{cite web|url=https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0|title=How Zara Grew Into the World's Largest Fashion Retailer|publisher=New York Times Magazine |date= 9 November 2012|first=Suzy |last=Hansen |access-date=8 April 2016}}</ref> In 1988, the company began expanding internationally with the opening a Zara store in [[Oporto]], [[Portugal]].<ref>{{cite web|url=http://news.bbc.co.uk/2/hi/business/1346473.stm|title=Spain's Retail Success Story|publisher=BBC News |first=Orla |last=Ryan |date=23 May 2001 |access-date=8 April 2016}}</ref> In 1990, the company owned footwear collection, Tempe, populated in the children's section of Zara stores.<ref>{{cite web|url=https://www.tempe.es/en/trayectoria-tempe|title=Company History|publisher=Tempe Groupo Inditex|access-date=8 April 2016}}</ref> In 1991, Inditex created the company Pull and Bear, a casual menswear company.<ref>{{cite web|url=http://www.pullandbear.com/mk/en/company-c57003.html?subsectionId=company_01_01|title=Company History|publisher=Pull and Bear|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.fashionunited.co.uk/news/columns/pull-and-bear-first-uk-store-200806095691|title=Pull and Bear First UK Store|publisher=Fashion United|access-date=8 April 2016}}</ref> Later that year, the company also acquired a 65 percent share in the upscale Massimo Dutti brand. Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing.<ref>{{cite web|url=http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archiveurl=https://web.archive.org/web/20150628161242/http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archivedate=2015-06-28|title=Lefties:The Zara Outlet You Never Knew About|publisher=The Telegraph|date=19 March 2014|first=Bibby |last=Sowray|accessdate=4 November 2015}}</ref> In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.<ref>{{cite web|url=https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d|title=Annual Report Massimo Dutti|publisher=Inditex|date=1998|access-date=8 April 2016}}</ref> In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion.<ref>{{cite web|url=https://www.inditex.com/brands/bershka|title=Bershka About|publisher=Inditex|access-date=8 April 2016}}</ref> The company bought the Stradivarius in 1999, a youthful female fashion brand.<ref name = fund>{{cite web|url=http://www.fundinguniverse.com/company-histories/industria-de-dise%C3%B1o-textil-s-a-history/|title=Industria de Diseno Textil S.A. History |publisher=Funding Universe|access-date=8 April 2016}}</ref> ===2001–present=== Inditex had its [[initial public offering]] in 2001, on the Bolsa de Madrid.<ref>{{cite web|url=https://www.wsj.com/articles/SB988496129402059841|title=Inditex Sets IPO Price Range Amid Strong Market Demand|publisher=The Wall Street Journal |first1=Carlta |last1=Vitzthum |first2=Silvia |last2=Ascarelli |date=29 April 2015| access-date=8 April 2016}}</ref> The IPO sold 26 percent of the company to public investors, the company was valued at US$8 billion (€9 billion at the time).<ref>{{cite web|url=https://www.forbes.com/global/2001/0528/024.html|title=Inside Zara|publisher=Forbes|first=Richard|last=Heller|date=28 May 2001|access-date=8 April 2016}}</ref> The same year, the company launched the [[lingerie]] and women's clothing store Oysho.<ref>{{cite web|url=https://fashionbi.com/brands/oysho/info|title=About Oysho|publisher=FashionBi|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/|title=Zara Leads in Fast Fashion|publisher=Forbes|first=Walter|last=Loeb|date=30 March 2015|access-date=8 April 2016}}</ref> In 2003, Inditex launched the Zara Home brand, which offers bedding, cutlery, glassware and other home decoration accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/SPANISH+CLOTHING+MANUFACTURER+INDITEX+ENTERS+NEW+TERRITORY+WITH+ZARA...-a0103811233|journal=HFN The Weekly Newspaper |publisher= Home Furnishing Network|title=Spanish Clothing Manufacturer Inditex Enters New Territory With Zara Home|date=16 June 2003|first=Barbara |last=Barker|access-date=8 April 2016}}</ref> In 2004, with the opening of store number 2,000 in [[Hong Kong]], Inditex had established its presence in 56 countries.<ref name =elp>{{cite web|url=http://elpais.com/m/elpais/2012/08/14/inenglish/1344945273_865076.html|title=The Man Who Dresses the World|publisher=El Pais|first=Luis|last=Gomez|date=14 August 2012|access-date=8 April 2016}}</ref> In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by current CEO [[Pablo Isla]].<ref name =cast>{{cite web|url= http://www.ft.com/intl/cms/s/0/8db00f16-2e29-11da-aa88-00000e2511c8.html#axzz3qSElNPN4|title=Castellano Steps Down From Inditex|publisher=Financial Times|first=Leslie |last=Crawford| date=26 September 2005|access-date=8 April 2016}}</ref> Inditex launched Uterque in the summer of 2008, the brand specializes in women's accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/H%26M+and+Inditex's+global+expansion+strategies.-a0213856442|title=Retail in Practice:H&M and Inditex's Global Expansion Strategies|publisher=The Retail Digest|date=22 September 2008|first=Raphael |last=Moreau}}</ref> During the same year, the company opened its 4,000th store in Tokyo after doubling in size within four years.<ref name=elp/> In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.<ref name=elp/> Later that year, the company opened a store in [[Australia]], a move that would put the company on five continents and in 77 countries.<ref name=aus>{{cite web|url=http://theconversation.com/zaras-australian-entrance-to-challenge-local-retailers-272|title=Zara's Australian Entrance to Challenge Local Retailers|publisher=The Conversation|first=Lisa |last=Tartaglia |date=18 April 2011|access-date=8 April 2016}}</ref> 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]].<ref>{{cite web|url=https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories|title=Fashion Chains Sign Accord to Help Finance Safety in Bangladesh Factories|publisher=The Guardian|first1=Jason |last1=Burke |first2=Saad |last2=Hammadi |first3=Simon |last3=Neville|date=13 May 2013|access-date=8 April 2016}}</ref> ==International presence== In 1989, a year after entering Portugal, the company entered the U.S. market<ref>{{cite web|url=https://www.forbes.com/2009/03/24/foreign-retailer-favorites-lifestyle-style-foreign-retailer.html|title=America's Favorite Foreign Retailers|publisher=Forbes|author=Lauren Sherman |date=March 24, 2015 |accessdate=April 14, 2016}}</ref> and expanded into the France in 1990.<ref name=fund/> Expansion continued to Mexico in 1992 and Greece in 1993. In 1994, Inditex opened stores in [[Belgium]] and [[Sweden]].<ref name = whar>{{cite web|url=http://knowledge.wharton.upenn.edu/article/fashion-chain-zara-reclaims-the-glory-of-spain/|title=Fashion Chain Zara Reclaims the Glory of Spain|publisher=Wharton University of Pennsylvania|date=April 24, 2003|accessdate=April 14, 2016}}</ref> By 1997, the company had expanded to [[Malta]], [[Cyprus]], [[Norway]] and [[Israel]].<ref name=oz/> In 1998, expansion continued to the [[UK]], [[Turkey]], [[Argentina]], [[Venezuela]], the Middle East and [[Japan]].<ref name= oz/> [[Canada]], [[Germany]], [[Poland]], [[Saudi Arabia]] and several South American countries received stores in 1999.<ref name= whar/><ref name=timel>{{cite web|url= http://www.inditex.com/our_group/our_history|title=Inditex: Our History|publisher=Inditex|accessdate=April 14, 2016}}</ref> In 2016, Inditex announced that they planned to open stores in [[Vietnam]], [[New Zealand]], [[Paraguay]], [[Aruba]] and [[Nicaragua]].<ref name =bbc2016/> The company stores opened in [[Italy]], [[Luxembourg]], [[Puerto Rico]] and [[Jordan]] received stores in 2001. In 2003, Inditex continued its expansion to [[Russia]], [[Slovakia]], and [[Malaysia]].<ref name =timel/> The following year Latvia, Hungary, and Panama amongst other countries received stores, including the 2,000th store in Hong Kong.<ref name=timel/> By 2006, the company had expanded into continental China.<ref name=ind>{{cite web|url=https://www.forbes.com/2010/07/29/forbes-india-zara-business-model-tweak.html|title=Fast Fashion: Zara in India|publisher=Forbes|author=Saumya Roy|date=July 29, 2010|accessdate=April 14, 2016}}</ref> In 2010, the company opened their 5,000th location in Rome<ref name=elp/> and its first in India.<ref name= ind/> The first stores in Australia and South Africa opened in 2011.<ref name =aus/> The company's expansion continued to the [[Republic of Macedonia]], [[Armenia]], [[Ecuador]], [[Georgia (country)]] and [[Bosnia-Herzegovina]] in 2012.<ref name =timel/><ref>{{cite web|url= http://www.retail-week.com/topics/international/inditex-to-open-stores-in-bosnia-and-herzegovina/5034017.article|title=Inditex to Open Stores in Bosnia and Herzegovina|publisher=RetailWeek |date=February 23, 2012 |accessdate=April 14, 2016}}</ref> In 2014, Inditex opened stores in [[Albania]].<ref>{{cite web|url=http://retailnet.eu/2014/04/03/71463-inditex-enters-albanian-market/|title=Inditex Enters the Albanian Market|publisher=Retail Net|author=Lukasz Izakowski |date= April 3, 2014|accessdate=April 14, 2016}}</ref> ==Online presence== In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref> ==Brands== Under the Inditex umbrella are several brands that offer a variety of products aimed at different markets.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|website=www.inditex.com|access-date=2016-07-16}}</ref> {| class="wikitable sortable" |- !Company !No. of shops<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2016 |accessdate=8 April 2016}}</ref> !Year of creation <ref>{{Cite web|url=http://www.inditex.com/en/our_group/our_history|title=Our History - inditex.com|website=www.inditex.com|access-date=21 February 2017}}</ref> !Market |- |[[Zara (retailer)|Zara]] |align="center"|2,232 |1975 |Fashion for men, women and children |- |[[Pull and Bear]] |align="center"|982 |1991 |Casual laid-back clothing and accessories for the young |- |[[Massimo Dutti]] |align="center"|769 |1991 (acquired) |High-end clothing and accessories for cosmopolitan men and women |- |[[Bershka]] |align="center"|1,096 |1998 |Blends urban styles and modern fashion for young women and men |- |[[Stradivarius (Inditex)|Stradivarius]] |align="center"|1,015 |1999 (acquired) |Casual and feminine clothes for young women |- |[[Oysho]] |align="center"|646 |2001 |Lingerie, casual outerwear, loungewear and original accessories |- |[[Zara Home]] |align="center"|563 |2003 |Home goods and decoration objects |- |[[Uterqüe]] |align="center"|82 |2008 |High-quality fashion accessories at attractive prices |- |} {{Gallery |title=Inditex brands |width=120 |height=100 |align=center |File:Zara Bruselas 16.jpg |Zara store in Brussels (Belgium) |File:Pull&Bear China.jpg |Pull&Bear store in Shanghai (China) |File:Massimo Dutti París.jpg |Massimo Dutti store in Paris (France) |File:Bershka Taiwán.jpg |Bershka store in Taiwan |File:Stradivarius Grecia.jpg |Stradivarius store in Greece |File:Oysho Suecia.jpg |Oysho store in Stockolm (Sweden) |File:Uterqüe Valladolid.jpg |Uterqüe store in Valladolid (Spain) }} ==Corporate governance== ===Board of Directors=== '''Bold''' indicates a company shareholder and the representative will be listed below. {| class= "wikitable sortable" ! Member ! Title(s) ! Member Since ! class= "unsortable"|Shares Held ! class= "unsortable"|Notes |- | [[Pablo Isla|Mr. Pablo Isla]] | Chairman & CEO of Inditex <br /> Board Member of Telefónica, S.A. | June 2005 | 1,805,302 | rowspan = "9" |<ref>https://www.inditex.com/our_group/board_members</ref> |- | Mr. Jose Arnau Sierra | Deputy Chairman of Inditex <br> First Executive of Grupo Pontegadea <br> Director of GARTLER, S.L. <br> Member of the Board of Trustees of Fundacion Amancio Ortega Gaona | June 2012 | 30,000 |- | [[Amancio Ortega|Mr. Amancio Ortega]] | Founder & Board Member of Inditex | June 1985 | 1,848,000,315 |- | '''Pontegadea Inversiones, S.L. ''' <br>Ms. Flora Perez Marcote | Board Member of Inditex | December 2015 | 1,558,637,990 |- | [[Denise Kingsmill, Baroness Kingsmill|Baroness Kingsmill CBE]] | Board Member of Inditex <br> Member of the supervisory board of EON <br> Non-executive director of International Airlines Group SA <br> Chairman of Mondo <br> Member of the International Advisory Board of the Spanish Business School (lESE) | July 2016 | |- | Mr. Jose Luis Duran Schulz | Board Member of Inditex <br> Independent Director & Member of the Audit Committee of [[Orange (company)|Orange]] | July 2015 | 1,700 |- | Mr. Rodrigo Echenique Gordillo | Board Member of Inditex <br> Chairman of [[NH Hoteles]] | July 2014 | |- | Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros | Board Member of Inditex <br> Chairman of Fraternidad-Muprespa <br> Board Member of [[Acciona|Acciona, S.A.]] <br> Board Member of [[Schindler Group|Schindler Espana]] <br> Board Member of [[Yell Group]] | May 1997 | 150,000 |- | Mr. Emilio Saracho Rodriguez de Torres | Board Member of Inditex <br> Head of Investment Banking of [[JPMorgan Chase|JPMorgan Europe, Middle East, & Africa, Ltd.]] <br> Executive Committee Member of Investment Bank <br> Executive Committee Member of [[JPMorgan Chase]] <br> Deputy-CEO of EMEA | June 2010 | |} == See also == * {{Portal-inline|Companies}} ==References== {{Reflist|30em}} ==External links== {{Commons category|INDITEX}} * {{Official website|http://www.inditex.com}} {{Inditex}} {{Euro Stoxx 50 Companies}} {{IBEX 35 companies}} {{European Retail Round Table}} {{Authority control}} [[Category:Inditex| ]] [[Category:Clothing companies of Spain]] [[Category:Companies based in Galicia]] [[Category:Companies established in 1985]] [[Category:Companies in the Euro Stoxx 50]] [[Category:Companies listed on the Madrid Stock Exchange]] [[Category:Conglomerate companies of Spain]] [[Category:IBEX-35]] [[Category:Multinational companies headquartered in Spain]] [[Category:2001 initial public offerings]]'
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'@@ -58,5 +58,5 @@ ==Online presence== -In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Berska, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref> +In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref> ==Brands== '
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[ 0 => 'In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>' ]
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[ 0 => 'In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Berska, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref>' ]
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'{{Use dmy dates|date=February 2011}} {{Infobox company | name = Industria de Diseño Textil, S.A. | logo = [[Image:Inditex.svg|250px]] | type = [[S.A. (corporation)|Sociedad Anónima]] | traded_as = {{BMAD|ES0148396007|ITX}} |ISIN = ES0148396007 | predecessor = {{unbulleted list|Confecciones GOA, S.A.|GOASAM, S.A.}} | founder = [[Amancio Ortega]]<br />[[Rosalía Mera]] | area_served = Global | key_people = [[Pablo Isla]] <small>([[Chairman]] and [[chief executive officer|CEO]])</small> | industry = [[Retailing]] | products = [[Clothing]] & [[Fashion]] retailer | revenue = [[Euro|€]]20.900 billion (2015)<ref name="AR2015">{{cite web |url=https://www.inditex.com/en/investors/investors_relations/financial_data|title=Financial Data|format=pdf |access-date=16 March 2016|publisher=Inditex}}</ref> | operating_income = €3.677 billion (2015)<ref name="AR2015" /> | net_income = €2.9 billion (2015)<ref name=bbc2016/> | assets = €17.357 billion (2015)<ref name="AR2015" /> | equity = €11.451 billion (2015)<ref name="AR2015" /> | owner = [[Amancio Ortega]] (59%) | num_employees = 152,854 (2015)<ref name =bbc2016>{{cite web|url=http://www.bbc.com/news/business-35761916|title=Zara Owner Inditex Sees Profits Jump as Sales Soar|publisher=BBC|date=9 March 2016 |access-date=16 March 2016}}</ref> | subsid = [[Zara (clothing)|Zara]], [[Pull & Bear]], [[Bershka]], [[Massimo Dutti]], [[Stradivarius (Inditex)|Stradivarius]], [[Oysho]], [[Zara Home]], [[Uterqüe]] | intl = Yes | homepage = {{URL|http://www.inditex.com}} | foundation = [[Arteixo]], [[Spain]]<br />({{Start date and age|1985|06|12}}) | location_city = [[Arteixo]] | location_country = [[Spain]] | locations = 7292 stores<ref name="AR2015" /> }} '''Industria de Diseño Textil, S.A.''' ('''Inditex''') ({{IPAc-en|ˌ|ɪ|n|d|ɪ|ˈ|t|ɛ|k|s}}, {{IPA-es|indiˈteks|lang}}; Textile Design Industries) is a [[Spain|Spanish]] [[Multinational corporation|multinational]] clothing company headquartered in [[Arteixo]], [[Galicia (Spain)|Galicia]].<ref>{{cite web|url=https://www.theguardian.com/fashion/2013/dec/15/inditex-spain-global-fashion-powerhouse|title=Inditex: Spain's Fashion Powerhouse You've Probably Never Heard Of|publisher=The Guardian|first=Sarah |last=Butler|date=14 December 2013|access-date=20 April 2016}}</ref> Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|last=|first=|date=|website=www.inditex.com|archive-url=|archive-date=|dead-url=|access-date=2017-03-16}}</ref><ref name =bbc2016 /><ref name=bof>{{cite web|url=http://www.businessoffashion.com/articles/intelligence/inditex-agile-fashion-force|title=Inditex:Agile Fashion Force|publisher=Business of Fashion|date=30 March 2015|first1=Kate |last1=Abnett |first2=Imran |last2=Amed|access-date=20 April 2016}}</ref> The company's flagship store is [[Zara (retailer)|Zara]], but it also owns the chains [[Zara Home]], [[Massimo Dutti]], [[Bershka]], [[Oysho]], [[Pull and Bear]], [[Stradivarius (Inditex)|Stradivarius]] and [[Uterqüe]]. The majority of its stores are corporate-owned, while [[Franchising|franchise]]s are mainly conceded in countries where corporate properties can not be foreign-owned.<ref name=fund /> The company operates a unique business model: instead of committing a large percentage of production for the next fashion season, the company commits a small amount and uses customer feedback and an efficient production network to replenish stores with new and different products weekly.<ref name =bof /> New styles are prototyped in just 5 days and 60% of the manufacturing happens locally to shorten lead-times.<ref>{{Citation|last=Fashion Business Education|title=The Zara Way: How Inditex beats the competition (Business model)|date=2017-01-04|url=https://www.youtube.com/watch?v=YSF8WH_LQIM&feature=youtu.be|accessdate=2017-06-28}}</ref> In Zara stores, it can take a new garment as little as 15 days to go from design and production to store shelves.<ref name =npr>{{cite web|url=http://www.npr.org/2013/03/12/173461375/the-recluse-spanish-billionaire-behind-zaras-fast-fashion-empire|title=The Reclusive Spanish Billionaire Behind Zara's Fast Fashion Empire|publisher=NPR|first=Lauren|last=Frayer|date= 12 March 2013 |access-date=20 April 2016}}</ref> ==History== ===Early history=== In the early 1960s, Amancio Ortega got his start in the clothing industry as a teen while working for a local shirt maker in [[A Coruna]], Spain.{{fact|date=October 2016}} Ortega began developing his own designs and he and his wife, [[Rosalia Mera]], began making clothes from their home.<ref name= fund /><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2013-08-16/rosalia-mera-retailer-who-was-spain-s-richest-woman-dies-at-69|title=Rosalia Mera, Who Was Spain's Richest Woman, Dies at 69|publisher=Bloomberg Business|date=15 August 2013|first=Manuel |last=Baigorri|access-date=20 April 2016}}</ref> Ortega had saved up enough money to open a small factory and sold garments to his former employer amongst others.<ref name= fund/> In 1975, the couple opened their first store, Zara, which produced popular fashion at low prices.<ref name=fund /><ref name= npr /> The following year, Zara was incorporated and began opening more stores and factories in Spain.<ref name=fund /> Later that year, after Ortega noticed the growing importance of computers, a local professor, [[José María Castellano]], was hired to grow the company's computing power.<ref name=fund/><ref name=abb>{{cite web|url=http://www.ft.com/intl/cms/s/2/a7008958-f2f3-11e3-a3f8-00144feabdc0.html#slide0|title=Fashion:A Better Business Model|publisher=Financial Times |first=Tobias |last=Buck |date=18 June 2014|access-date=20 April 2016}}</ref> ===1980–2000=== In the 1980s the company implemented a new design and distribution method that drastically reduced the time between design, production, and arrival at retail sites.<ref name= oz>{{cite book|title=The Last Retail Evolution|first=Tolga |last=Ozkurt|publisher=Editrice Le Fonti |ISBN=978-88-6109-075-0 |url=https://books.google.com/books?id=cZreKquj8iQC&printsec=frontcover&dq=inauthor:%22Azkurt+Tolga%22&hl=en&sa=X&ved=0CCYQ6AEwAGoVChMI_sPZ3vb0yAIVRMhjCh0MMQlq#v=onepage&q&f=false|pages=47–49}}</ref> The system was designed by Castellano who became the CEO of the company in 1984. In 1985, Industria de Diseno Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.<ref>{{cite web|url=https://www.nytimes.com/2012/11/11/magazine/how-zara-grew-into-the-worlds-largest-fashion-retailer.html?_r=0|title=How Zara Grew Into the World's Largest Fashion Retailer|publisher=New York Times Magazine |date= 9 November 2012|first=Suzy |last=Hansen |access-date=8 April 2016}}</ref> In 1988, the company began expanding internationally with the opening a Zara store in [[Oporto]], [[Portugal]].<ref>{{cite web|url=http://news.bbc.co.uk/2/hi/business/1346473.stm|title=Spain's Retail Success Story|publisher=BBC News |first=Orla |last=Ryan |date=23 May 2001 |access-date=8 April 2016}}</ref> In 1990, the company owned footwear collection, Tempe, populated in the children's section of Zara stores.<ref>{{cite web|url=https://www.tempe.es/en/trayectoria-tempe|title=Company History|publisher=Tempe Groupo Inditex|access-date=8 April 2016}}</ref> In 1991, Inditex created the company Pull and Bear, a casual menswear company.<ref>{{cite web|url=http://www.pullandbear.com/mk/en/company-c57003.html?subsectionId=company_01_01|title=Company History|publisher=Pull and Bear|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.fashionunited.co.uk/news/columns/pull-and-bear-first-uk-store-200806095691|title=Pull and Bear First UK Store|publisher=Fashion United|access-date=8 April 2016}}</ref> Later that year, the company also acquired a 65 percent share in the upscale Massimo Dutti brand. Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing.<ref>{{cite web|url=http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archiveurl=https://web.archive.org/web/20150628161242/http://fashion.telegraph.co.uk/columns/bibby-sowray/TMG10707831/Lefties-the-Zara-outlet-you-never-knew-about.html|archivedate=2015-06-28|title=Lefties:The Zara Outlet You Never Knew About|publisher=The Telegraph|date=19 March 2014|first=Bibby |last=Sowray|accessdate=4 November 2015}}</ref> In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.<ref>{{cite web|url=https://www.inditex.com/documents/10279/18789/Grupo_INDITEX_evo_eng98.pdf/21dee54f-e098-4065-bc51-2544321a558d|title=Annual Report Massimo Dutti|publisher=Inditex|date=1998|access-date=8 April 2016}}</ref> In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion.<ref>{{cite web|url=https://www.inditex.com/brands/bershka|title=Bershka About|publisher=Inditex|access-date=8 April 2016}}</ref> The company bought the Stradivarius in 1999, a youthful female fashion brand.<ref name = fund>{{cite web|url=http://www.fundinguniverse.com/company-histories/industria-de-dise%C3%B1o-textil-s-a-history/|title=Industria de Diseno Textil S.A. History |publisher=Funding Universe|access-date=8 April 2016}}</ref> ===2001–present=== Inditex had its [[initial public offering]] in 2001, on the Bolsa de Madrid.<ref>{{cite web|url=https://www.wsj.com/articles/SB988496129402059841|title=Inditex Sets IPO Price Range Amid Strong Market Demand|publisher=The Wall Street Journal |first1=Carlta |last1=Vitzthum |first2=Silvia |last2=Ascarelli |date=29 April 2015| access-date=8 April 2016}}</ref> The IPO sold 26 percent of the company to public investors, the company was valued at US$8 billion (€9 billion at the time).<ref>{{cite web|url=https://www.forbes.com/global/2001/0528/024.html|title=Inside Zara|publisher=Forbes|first=Richard|last=Heller|date=28 May 2001|access-date=8 April 2016}}</ref> The same year, the company launched the [[lingerie]] and women's clothing store Oysho.<ref>{{cite web|url=https://fashionbi.com/brands/oysho/info|title=About Oysho|publisher=FashionBi|access-date=8 April 2016}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/walterloeb/2015/03/30/zara-leads-in-fast-fashion/2/|title=Zara Leads in Fast Fashion|publisher=Forbes|first=Walter|last=Loeb|date=30 March 2015|access-date=8 April 2016}}</ref> In 2003, Inditex launched the Zara Home brand, which offers bedding, cutlery, glassware and other home decoration accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/SPANISH+CLOTHING+MANUFACTURER+INDITEX+ENTERS+NEW+TERRITORY+WITH+ZARA...-a0103811233|journal=HFN The Weekly Newspaper |publisher= Home Furnishing Network|title=Spanish Clothing Manufacturer Inditex Enters New Territory With Zara Home|date=16 June 2003|first=Barbara |last=Barker|access-date=8 April 2016}}</ref> In 2004, with the opening of store number 2,000 in [[Hong Kong]], Inditex had established its presence in 56 countries.<ref name =elp>{{cite web|url=http://elpais.com/m/elpais/2012/08/14/inenglish/1344945273_865076.html|title=The Man Who Dresses the World|publisher=El Pais|first=Luis|last=Gomez|date=14 August 2012|access-date=8 April 2016}}</ref> In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by current CEO [[Pablo Isla]].<ref name =cast>{{cite web|url= http://www.ft.com/intl/cms/s/0/8db00f16-2e29-11da-aa88-00000e2511c8.html#axzz3qSElNPN4|title=Castellano Steps Down From Inditex|publisher=Financial Times|first=Leslie |last=Crawford| date=26 September 2005|access-date=8 April 2016}}</ref> Inditex launched Uterque in the summer of 2008, the brand specializes in women's accessories.<ref>{{cite journal|url=http://www.thefreelibrary.com/H%26M+and+Inditex's+global+expansion+strategies.-a0213856442|title=Retail in Practice:H&M and Inditex's Global Expansion Strategies|publisher=The Retail Digest|date=22 September 2008|first=Raphael |last=Moreau}}</ref> During the same year, the company opened its 4,000th store in Tokyo after doubling in size within four years.<ref name=elp/> In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.<ref name=elp/> Later that year, the company opened a store in [[Australia]], a move that would put the company on five continents and in 77 countries.<ref name=aus>{{cite web|url=http://theconversation.com/zaras-australian-entrance-to-challenge-local-retailers-272|title=Zara's Australian Entrance to Challenge Local Retailers|publisher=The Conversation|first=Lisa |last=Tartaglia |date=18 April 2011|access-date=8 April 2016}}</ref> 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]].<ref>{{cite web|url=https://www.theguardian.com/world/2013/may/13/fashion-chain-finance-safety-bangladesh-factories|title=Fashion Chains Sign Accord to Help Finance Safety in Bangladesh Factories|publisher=The Guardian|first1=Jason |last1=Burke |first2=Saad |last2=Hammadi |first3=Simon |last3=Neville|date=13 May 2013|access-date=8 April 2016}}</ref> ==International presence== In 1989, a year after entering Portugal, the company entered the U.S. market<ref>{{cite web|url=https://www.forbes.com/2009/03/24/foreign-retailer-favorites-lifestyle-style-foreign-retailer.html|title=America's Favorite Foreign Retailers|publisher=Forbes|author=Lauren Sherman |date=March 24, 2015 |accessdate=April 14, 2016}}</ref> and expanded into the France in 1990.<ref name=fund/> Expansion continued to Mexico in 1992 and Greece in 1993. In 1994, Inditex opened stores in [[Belgium]] and [[Sweden]].<ref name = whar>{{cite web|url=http://knowledge.wharton.upenn.edu/article/fashion-chain-zara-reclaims-the-glory-of-spain/|title=Fashion Chain Zara Reclaims the Glory of Spain|publisher=Wharton University of Pennsylvania|date=April 24, 2003|accessdate=April 14, 2016}}</ref> By 1997, the company had expanded to [[Malta]], [[Cyprus]], [[Norway]] and [[Israel]].<ref name=oz/> In 1998, expansion continued to the [[UK]], [[Turkey]], [[Argentina]], [[Venezuela]], the Middle East and [[Japan]].<ref name= oz/> [[Canada]], [[Germany]], [[Poland]], [[Saudi Arabia]] and several South American countries received stores in 1999.<ref name= whar/><ref name=timel>{{cite web|url= http://www.inditex.com/our_group/our_history|title=Inditex: Our History|publisher=Inditex|accessdate=April 14, 2016}}</ref> In 2016, Inditex announced that they planned to open stores in [[Vietnam]], [[New Zealand]], [[Paraguay]], [[Aruba]] and [[Nicaragua]].<ref name =bbc2016/> The company stores opened in [[Italy]], [[Luxembourg]], [[Puerto Rico]] and [[Jordan]] received stores in 2001. In 2003, Inditex continued its expansion to [[Russia]], [[Slovakia]], and [[Malaysia]].<ref name =timel/> The following year Latvia, Hungary, and Panama amongst other countries received stores, including the 2,000th store in Hong Kong.<ref name=timel/> By 2006, the company had expanded into continental China.<ref name=ind>{{cite web|url=https://www.forbes.com/2010/07/29/forbes-india-zara-business-model-tweak.html|title=Fast Fashion: Zara in India|publisher=Forbes|author=Saumya Roy|date=July 29, 2010|accessdate=April 14, 2016}}</ref> In 2010, the company opened their 5,000th location in Rome<ref name=elp/> and its first in India.<ref name= ind/> The first stores in Australia and South Africa opened in 2011.<ref name =aus/> The company's expansion continued to the [[Republic of Macedonia]], [[Armenia]], [[Ecuador]], [[Georgia (country)]] and [[Bosnia-Herzegovina]] in 2012.<ref name =timel/><ref>{{cite web|url= http://www.retail-week.com/topics/international/inditex-to-open-stores-in-bosnia-and-herzegovina/5034017.article|title=Inditex to Open Stores in Bosnia and Herzegovina|publisher=RetailWeek |date=February 23, 2012 |accessdate=April 14, 2016}}</ref> In 2014, Inditex opened stores in [[Albania]].<ref>{{cite web|url=http://retailnet.eu/2014/04/03/71463-inditex-enters-albanian-market/|title=Inditex Enters the Albanian Market|publisher=Retail Net|author=Lukasz Izakowski |date= April 3, 2014|accessdate=April 14, 2016}}</ref> ==Online presence== In 2007, Inditex launched the Zara Home online retail store.<ref>{{cite web|url=http://www.retailnews.asia/zara-home-to-launch-its-online-platform-in-australia/|title=Zara Home to Launch its Online Platform in Australia|publisher=Retail News Asia |date=July 12, 2015|accessdate=April 14, 2016}}</ref> Zara joined the [[e-commerce]] marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.<ref>{{cite web|url=https://www.reuters.com/article/us-inditex-results-idUSKBN0ME11N20150318|title=Zara-Owner Inditex to Trim Investment After Strong Sales |publisher=Reuters|author=Sarah Morris |date=March 18, 2015 |accessdate=April 14, 2016}}</ref><ref>{{cite web|url=http://fashionista.com/2010/06/zara-will-finally-offer-e-commerce-but-not-for-us-customers|title=Zara Will Finally Offer E-Commerce, But Not to US Customers|publisher=Fashionista |author=Lauren Sherman |date=June 9, 2010 |accessdate=April 14, 2016}}</ref> In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxemborg.<ref>{{cite web|url=https://blogs.wsj.com/source/2010/09/22/zara-tries-a-fast-one-on-the-net/|title=Zara Tries a Fast One on the Net|publisher= Wall Street Journal|date=September 22, 2010|author=Christopher Bjork |accessdate=April 14, 2016}}</ref> In September 2011, Inditex brought Zara's e-commerce platform to the U.S.,<ref>{{cite web|url=https://www.internetretailer.com/2011/09/06/zara-launches-e-commerce-operations-us|title=Zara Launches E-Commerce Operations in the U.S.|publisher=Internet Retailer |date=September 6, 2011 |author=Allison Enright |access-date=April 14, 2016}}</ref> as well as adding the brands Pull and Bear, Massimo Dutti, Bershka, Stadivarius, Oysho and Uterqüe to the e-commerce space.<ref>{{cite web|url= http://us.fashionmag.com/news/Inditex-repatriates-its-e-commerce-services,202121.html#.VsNIffkrKUk|title=Inditex Repartriates its E-commerce Services|publisher=Fashion Mag|date=September 18, 2011 |author=Olivier Guyot |accessdate=April 14, 2016}}</ref> As of February 2016, Inditex operates e-commerce sites in 28 markets and plans to add 12 more by April.<ref>{{cite web|url=http://www.bbc.com/news/business-31939274|title=Zara Owner Inditex Profits up 5%|publisher=BBC|date= 18 March 2015 |access-date=17 June 2016}}</ref><ref>{{cite web|url=http://us.fashionmag.com/news/Inditex-to-consolidate-its-e-commerce-business-in-2016,607247.html#.VsNLsPkrKUk|title=Inditex to Consolidate Its E-commerce Business in 2016|publisher=Fashion Mag|first=Triana |last=Alonso |date=14 December 2015 |access-date=17 June 2016 }}</ref><ref>{{cite web|url=http://www.inditex.com/en/media/news_article?articleId=195459|title=Inditex Launches New Online Stores in Denmark, Ireland, Italy, Luxembourg, Poland, Romania and Sweden Today|publisher=Inditex |date=4 February 2016|access-date=17 June 2016}}</ref> ==Brands== Under the Inditex umbrella are several brands that offer a variety of products aimed at different markets.<ref>{{Cite web|url=http://www.inditex.com/en/our_group/international_presence|title=International presence - inditex.com|website=www.inditex.com|access-date=2016-07-16}}</ref> {| class="wikitable sortable" |- !Company !No. of shops<ref>{{cite web|url=http://www.inditex.com/es/our_group/international_presence |title=Presencia internacional |publisher=inditex.com |date=2016 |accessdate=8 April 2016}}</ref> !Year of creation <ref>{{Cite web|url=http://www.inditex.com/en/our_group/our_history|title=Our History - inditex.com|website=www.inditex.com|access-date=21 February 2017}}</ref> !Market |- |[[Zara (retailer)|Zara]] |align="center"|2,232 |1975 |Fashion for men, women and children |- |[[Pull and Bear]] |align="center"|982 |1991 |Casual laid-back clothing and accessories for the young |- |[[Massimo Dutti]] |align="center"|769 |1991 (acquired) |High-end clothing and accessories for cosmopolitan men and women |- |[[Bershka]] |align="center"|1,096 |1998 |Blends urban styles and modern fashion for young women and men |- |[[Stradivarius (Inditex)|Stradivarius]] |align="center"|1,015 |1999 (acquired) |Casual and feminine clothes for young women |- |[[Oysho]] |align="center"|646 |2001 |Lingerie, casual outerwear, loungewear and original accessories |- |[[Zara Home]] |align="center"|563 |2003 |Home goods and decoration objects |- |[[Uterqüe]] |align="center"|82 |2008 |High-quality fashion accessories at attractive prices |- |} {{Gallery |title=Inditex brands |width=120 |height=100 |align=center |File:Zara Bruselas 16.jpg |Zara store in Brussels (Belgium) |File:Pull&Bear China.jpg |Pull&Bear store in Shanghai (China) |File:Massimo Dutti París.jpg |Massimo Dutti store in Paris (France) |File:Bershka Taiwán.jpg |Bershka store in Taiwan |File:Stradivarius Grecia.jpg |Stradivarius store in Greece |File:Oysho Suecia.jpg |Oysho store in Stockolm (Sweden) |File:Uterqüe Valladolid.jpg |Uterqüe store in Valladolid (Spain) }} ==Corporate governance== ===Board of Directors=== '''Bold''' indicates a company shareholder and the representative will be listed below. {| class= "wikitable sortable" ! Member ! Title(s) ! Member Since ! class= "unsortable"|Shares Held ! class= "unsortable"|Notes |- | [[Pablo Isla|Mr. Pablo Isla]] | Chairman & CEO of Inditex <br /> Board Member of Telefónica, S.A. | June 2005 | 1,805,302 | rowspan = "9" |<ref>https://www.inditex.com/our_group/board_members</ref> |- | Mr. Jose Arnau Sierra | Deputy Chairman of Inditex <br> First Executive of Grupo Pontegadea <br> Director of GARTLER, S.L. <br> Member of the Board of Trustees of Fundacion Amancio Ortega Gaona | June 2012 | 30,000 |- | [[Amancio Ortega|Mr. Amancio Ortega]] | Founder & Board Member of Inditex | June 1985 | 1,848,000,315 |- | '''Pontegadea Inversiones, S.L. ''' <br>Ms. Flora Perez Marcote | Board Member of Inditex | December 2015 | 1,558,637,990 |- | [[Denise Kingsmill, Baroness Kingsmill|Baroness Kingsmill CBE]] | Board Member of Inditex <br> Member of the supervisory board of EON <br> Non-executive director of International Airlines Group SA <br> Chairman of Mondo <br> Member of the International Advisory Board of the Spanish Business School (lESE) | July 2016 | |- | Mr. Jose Luis Duran Schulz | Board Member of Inditex <br> Independent Director & Member of the Audit Committee of [[Orange (company)|Orange]] | July 2015 | 1,700 |- | Mr. Rodrigo Echenique Gordillo | Board Member of Inditex <br> Chairman of [[NH Hoteles]] | July 2014 | |- | Mr. Carlos Espinosa de los Monteros Bernaldo de Quiros | Board Member of Inditex <br> Chairman of Fraternidad-Muprespa <br> Board Member of [[Acciona|Acciona, S.A.]] <br> Board Member of [[Schindler Group|Schindler Espana]] <br> Board Member of [[Yell Group]] | May 1997 | 150,000 |- | Mr. Emilio Saracho Rodriguez de Torres | Board Member of Inditex <br> Head of Investment Banking of [[JPMorgan Chase|JPMorgan Europe, Middle East, & Africa, Ltd.]] <br> Executive Committee Member of Investment Bank <br> Executive Committee Member of [[JPMorgan Chase]] <br> Deputy-CEO of EMEA | June 2010 | |} == See also == * {{Portal-inline|Companies}} ==References== {{Reflist|30em}} ==External links== {{Commons category|INDITEX}} * {{Official website|http://www.inditex.com}} {{Inditex}} {{Euro Stoxx 50 Companies}} {{IBEX 35 companies}} {{European Retail Round Table}} {{Authority control}} [[Category:Inditex| ]] [[Category:Clothing companies of Spain]] [[Category:Companies based in Galicia]] [[Category:Companies established in 1985]] [[Category:Companies in the Euro Stoxx 50]] [[Category:Companies listed on the Madrid Stock Exchange]] [[Category:Conglomerate companies of Spain]] [[Category:IBEX-35]] [[Category:Multinational companies headquartered in Spain]] [[Category:2001 initial public offerings]]'
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