Zara parent company Inditex, reached only a monumental performance. It is its a good day of Amancio Ortega. He founder of Zara’s parent company Inditex his company saw the brand valuation € 100 billion (approximately $109 billion) to outperform, as shares of €32 per share, rose 36 percent in the last 12 months climbed on Wednesday.
That puts it well above the sports giant Nike (market capitalization: $86.2 billion) and Swedish fast fashion juggernaut H & M (market capitalization: $58.6 billion), making it the most valuable company in Spain, Telefonica SA and Banco Santander SA.
Ortega, more than half of Inditex, the second richest person in the world was earlier this year, with an estimated value of $72.9 billion, behind only Microsoft founder Bill Gates. Not bad for 52 years of work.
In recent years, Inditex – which also owns Massimo Dutti and Bershka, Stradivarius, but writes 2/3rds of Zara sales – has continued steadily to increase 8 percent in 2014, for a total sales across its brands. The company also continues to store in new and existing markets, but less aggressive than competitor H & M, fleet expansion that has multiple store hours per day on average since early 2013. Yet more than 85 percent go Inditexs capital expenditure business openings and modernizations.
According to the researchers ‘ as opposed to fast-fashion retailers, the teams, raising the current trend fashion by third-party buy design teams, product, which they believe have traditional retailers that 12 months, will want to create trend analysis “.
Inditex has also enjoyed a boost from the recent currency fluctuations – namely a weak euro and a rising U.S. dollar like other European clothing companies, which helped boost the value of its international sales.
The company is known on Sept. 16 half-year figures.
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