Amancio Ortega news and archive

Bernard Arnault overtakes Amancio Ortega in Forbes Billionaires 2018 ranking

London - They say crime doesn’t pay, but working in fashion certainly does, as Bernard Arnault, CEO, and Chairman of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, becomes the fourth richest man in the world. His luxury company, which owns leading fashion houses such as Louis Vuitton, Fendi and Givenchy enjoyed one of its best years to...

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Amancio Ortega retires: the founder of Inditex drops over 50 executive positions

The founder of Inditex, Amancio Ortega, has left his positions in 53 subsidiaries of the textile group, six years after having ceded the presidency of the group to Pablo Isla. With this gesture, the founder of the largest fashion retail group in the world kicks off his retirement The businessman, who left the executive functions of Inditex in...

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Rich List: Top 10 Billionaires in Fashion 2017

The fashion industry is an ever-changing sector where anything goes. One year, your brand could be the most coveted and desirable it-brand, the next year it could be on the brink of bankruptcy. However, there are a few famed fashion houses and retailers who have fought against the odds and continue to deliver designs that satisfy their consumers...

People

Interactive Chart: Top 10 Richest People in Fashion of 2016

London - As the end of the year draws ever closer, FashionUnited takes a moment to reflect back on 2016. Fashion has always been a big business, but this year saw some of the richest individuals working in fashion become even richer, in spite of economical and political uncertainties sweeping across the globe. Unsurprisingly, the title of the...

PeopleFeatured

Fashion’s Wealthiest: Top 10 Richest People of 2016

London - “I think that fashion has become such a big business and with globalisation we are on new territory at this point. We are not just designing for a country we are designing for a world now,” said American fashion designer Anna Sui in an interview with CNN in 2006. Ten years later, and the business of fashion continues to boom. Fashion is...

Fashion

Zara owner named world's second-richest person

London - Spanish retail magnate Amancio Ortega is now worth 71.5 billion dollars, according to the Bloomberg Billionaires Index, and has taken second place in the ranking of the world’s richest people for the first time. Ortega, who owns 59 percent of Inditex, the world’s largest clothing retailer which runs chains including Zara, Massimo Dutti,...