An insight on world’s largest Textile Firm: INDITEX
We all have heard of Zara or Pull and Bear or Mango, however, if you are unaware of these clothing brand giants then this article is your ticket to a whole new learning about the one of the world’s biggest textile firms. INDITEX is a Spanish textile company which has several other subsidiaries; it is one of the top shots in the fashion market on this planet. And you would be surprised to know that the man who owns this firm, that is Amancio Ortega, is the 6th richest person in the world. So, let’s learn more about Inditex.
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An insight on world?s largest Textile Firm: INDITEX 
We all have heard of Zara or Pull and Bear or Mango, however, if you are unaware of these clothing brand giants then this article is your ticket to a whole new learning about the one of the world?s biggest textile firms. INDITEX is a Spanish textile company which has several other subsidiaries; it is one of the top shots in the fashion market on this planet. And you would be surprised to know that the man who owns this firm, that is Amancio Ortega, is the 6th richest person in the world.
So, let?s learn more about Inditex.
Trade is an activity that consists in exchanging goods and services for capital. Commercial distribution is a very important sector within the economic system of all developed countries. In Spain, it contributes 14% of GDP (The Gross Domestic Product).Trade ranks second in the Spanish economy after the manufacturing industry. Textiles and footwear,have been very successful not only in the domestic market but also internationally. A good example of this immense success is Inditex.
Inditex is a big employer and has some 80,000 direct employees in Spain (and 80% are women).Inditex contributes a TOTAL TAX OF ? 5.96 BILLION IN THE LAST FISCAL YEAR. In addition, it contributes very positively to the recognition and global image of Spain and the Spanish economy.
Inditex was founded in 1985 by Amancio Ortega as a fashion distribution group with headquarters in Arteixo (A Coruña) in Galicia. The acting CEO is Pablo Isla (since 2011). Today, Inditex includes eight brands such as Zara and Bershka, Pull and Bear, Massimo Dutti, which are represented in 88 countries around the world. Together they operate more than 7,000 stores worldwide.
The company's flagship store is Zara, but it also owns the chains like-
Zara Home- Articles for the home and decorative objects
Massimo Dutti- Clothing and accessories for cosmopolitan men and women
Bershka- Urban styles and modern fashion for women and young men
Oysho- Lingerie, swimwear, gym clothes & swimsuits
Pull and Bear- Clothing and accessories for young people
Uterqüe- High quality fashion accessories
Inditex is present in 96 markets in the five continents, with more than 7,000 stores.57% of the factories are located near the headquarters in Arteixo (A Coruña, Spain) and around 49% of the business is also done online.
Amancio Ortega has a net worth of 64.5 billion making him the 6th richest person in the world after Jezz Bezos, Bill Gates, Mark Zukergberg, and others. With Inditex, Amancio Ortega is the richest retailers in Europe.
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Sandeep Semwal
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