Zara, Retail “Fast Fashion”, No high school, Very secretive no pictures allowed, Spain, White.
Zara has over 10,000 stores globally.
1936 Leon, Spain
Father was railroad worker, his mother was kicked out of grocery store for bad credit. He felt ashamed.
Age 14 1950 he moved to Coruna after quiting school to get job making shorts by hand.
Age 39 1975 he opened his first Zara store that he co-founded with his ex wife Rosalia Mera. Rosalia Mera has less academic education than Amancio. She quit school at age 11 to work as shop assistant she owns 7% Inditex (holding company of Zara) after their divorce in 1986. When Rosalia died at age 69 in 2013 she was the richest female self-made billionaire in the world. Their daughter Sandra Ortega now owns Rosalia Mera’s shares of Zara and Inditex.
Fast Fashion Forever 21, Target, Zara, H&M from cat walk to cash register in 2 weeks.
Ortega has over 500 designers and communication is valued.
Age 65 in 2001 Zara had IPO.
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