One big question has hovered over Inditex, the world’s largest clothing retailer, for at least a decade: what happens when Amancio Ortega goes?
The 85-year-old founder of Spain’s biggest and best-respected company stepped down as chair 10 years ago, but comes in every day to its headquarters on the Atlantic coast and still holds a majority stake in the €89bn giant, making him the country’s richest man.
Now the question has an answer: the Inditex board announced this week that, as of April 1, Ortega’s 37-year-old daughter Marta will take over as chair of the Zara owner.
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