Inditex
Encyclopedia
Industria de Diseño Textil, S.A. ("Textile Design Industries"), more commonly known as Inditex, is a large Spanish
corporation
and the world's largest fashion group. It is made up of almost a hundred companies dealing with activities related to textile
design, production and distribution. Amancio Ortega
, Spain
's richest man, and the world's 7th richest man, is the founder and current chairman of Inditex.
Inditex runs over more than 5,000 stores worldwide and owns brands like Zara
, Massimo Dutti
, Bershka
, Oysho, Pull and Bear
, Stradivarius
, Zara Home, Tempe and Uterqüe
, and also a low cost brand Lefties
. The majority of stores are corporate-owned; Franchise
s are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).
The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.
Inditex headquarters are located in Arteixo
, a small industrial town in the metropolitan area of A Coruña
, Galicia, in northwestern Spain
. It is there where almost all its merchandise is manufactured. In addition they have another factory mainly responsible for shoe design, production and distribution in Elche, a well-known town of the Alicante province on the Spanish Mediterranean coast.
The first Zara shop opened its doors in 1975 in A Coruña
(Galicia, Spain
), the city which saw the group's early beginnings and which is now home to its central offices. Today Inditex's stores can be seen in places like New York
's Fifth Avenue, Milan
's Corso Vittorio Emanuele II, London
's Regent Street
and Oxford Street
, Frankfurt
's Zeil, Shanghai's Nanjing West Road, Tokyo
's Shibuya
, Istanbul
's Nişantaşı
, Seoul
's Myeong-dong, Sydney's Pitt Street Mall and Singapore's Orchard Road
In the 90s, Inditex began creating or acquiring subsidiaries to manage different collections: Bershka, Pull and Bear, Massimo Dutti, and Stradivarius.
In May 2001, Inditex turned into a publicly-traded company
, being valued at $8 billion (€9 billion at the time)
Inditex won the 2006 Wharton Infosys Business Transformation Award for their innovative and successful implementation of information technology to drastically decrease the time it takes to get new merchandise from the design stage to the in-store stage.
In 2008 Inditex launched Uterqüe
, the new accessories brand of the company. Three inaugural flagship stores were opened in Madrid
(Serrano Street), Barcelona
(Passeig de Gràcia) and A Coruña
.
On 22 September, 2008 Inditex opened its 4,000th store in the Ginza
in Tokyo
, considered one of the most important shopping areas in the world.
On April 20, 2011 opened the first Zara flagship in Australia. Thus, the Inditex group was present for the first time in 5 continents, and in 78 countries. Today Inditex is the biggest fashion group in the world.
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
and the world's largest fashion group. It is made up of almost a hundred companies dealing with activities related to textile
Textile
A textile or cloth is a flexible woven material consisting of a network of natural or artificial fibres often referred to as thread or yarn. Yarn is produced by spinning raw fibres of wool, flax, cotton, or other material to produce long strands...
design, production and distribution. Amancio Ortega
Amancio Ortega Gaona
Amancio Ortega Gaona is a Spanish fashion entrepreneur. He is the founder, along with his then-wife Rosalía Mera, and chairman of the Inditex Group. He is ranked by Forbes as Spain's richest man; Europe's second richest man; and the seventh richest man in the world in 2011...
, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
's richest man, and the world's 7th richest man, is the founder and current chairman of Inditex.
Inditex runs over more than 5,000 stores worldwide and owns brands like Zara
Zara (clothing)
Zara is a Spanish clothing and accessories retailer based in Arteixo, Galicia, and founded in 1975 by Amancio Ortega and Rosalía Mera. It is the flagship chain store of the Inditex group; the fashion group also owns brands such as Massimo Dutti, Pull and Bear, Oysho, Uterqüe, Stradivarius and...
, Massimo Dutti
Massimo Dutti
Massimo Dutti is a company belonging to the Spanish Inditex group dedicated to the manufacturing of clothing. It was created in 1985 and its product range was limited to men's clothing....
, Bershka
Bershka
Bershka is a company belonging to the Spanish Inditex group , that was created in April 1998 as a new store and fashion concept, aimed at a young target market. It now has 734 stores in 49 countries....
, Oysho, Pull and Bear
Pull and Bear
Pull and Bear is a Spanish clothing and accessories retailer based in Narón, Galicia and founded in 1991. In September 2011, the company will sell through an online store. -Concept & Style:...
, Stradivarius
Stradivarius (INDITEX)
Stradivarius is an international women clothing fashion brand from Spain, the Inditex group.-History:Stradivarius was developed in 1994 as a family owned business with an innovative concept in fashion in Barcelona, Spain...
, Zara Home, Tempe and Uterqüe
Uterqüe
Uterqüe is a company belonging to the Spanish Inditex group , that was created in September 2007 as a new store and fashion concept. The name is Latin and can be translated as "one of each" or "both this and that"...
, and also a low cost brand Lefties
Lefties
Lefties is a three part 2006 BBC documentary series investigating some aspects of the extreme Left of British politics in the 1970s.The series was commissioned by the then Controller of BBC Four, Janice Hadlow. Lefties was produced as a companion series to Tory! Tory! Tory! an overview of the New...
. The majority of stores are corporate-owned; Franchise
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....
s are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).
The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.
Inditex headquarters are located in Arteixo
Arteixo
Arteixo is a municipality of Spain in the Province of A Coruña, in the autonomous community of Galicia. Its area is 93.76 km² and its population is 29,762...
, a small industrial town in the metropolitan area of A Coruña
A Coruña
A Coruña or La Coruña is a city and municipality of Galicia, Spain. It is the second-largest city in the autonomous community and seventeenth overall in the country...
, Galicia, in northwestern Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
. It is there where almost all its merchandise is manufactured. In addition they have another factory mainly responsible for shoe design, production and distribution in Elche, a well-known town of the Alicante province on the Spanish Mediterranean coast.
History
A Coruña
A Coruña or La Coruña is a city and municipality of Galicia, Spain. It is the second-largest city in the autonomous community and seventeenth overall in the country...
(Galicia, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
), the city which saw the group's early beginnings and which is now home to its central offices. Today Inditex's stores can be seen in places like New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
's Fifth Avenue, Milan
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
's Corso Vittorio Emanuele II, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
's Regent Street
Regent Street
Regent Street is one of the major shopping streets in London's West End, well known to tourists and Londoners alike, and famous for its Christmas illuminations...
and Oxford Street
Oxford Street
Oxford Street is a major thoroughfare in the City of Westminster in the West End of London, United Kingdom. It is Europe's busiest shopping street, as well as its most dense, and currently has approximately 300 shops. The street was formerly part of the London-Oxford road which began at Newgate,...
, Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
's Zeil, Shanghai's Nanjing West Road, Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
's Shibuya
Shibuya, Tokyo
is one of the 23 special wards of Tokyo, Japan. As of 2008, it has an estimated population of 208,371 and a population density of 13,540 persons per km². The total area is 15.11 km²....
, Istanbul
Istanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...
's Nişantaşı
Nisantasi
Nişantaşı is a quarter of Istanbul, Turkey, comprising neighbourhoods like Teşvikiye, Osmanbey, Maçka and Pangaltı. It includes the stores of world famous brands and has many popular cafés, pubs, restaurants and night clubs. It is a part of the Şişli district...
, Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
's Myeong-dong, Sydney's Pitt Street Mall and Singapore's Orchard Road
Orchard Road
Orchard Road is a road in Singapore that is the retail and entertainment hub of the city-state. It is regularly frequented by the local population as well as being a major tourist attraction...
In the 90s, Inditex began creating or acquiring subsidiaries to manage different collections: Bershka, Pull and Bear, Massimo Dutti, and Stradivarius.
In May 2001, Inditex turned into a publicly-traded company
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
, being valued at $8 billion (€9 billion at the time)
Inditex won the 2006 Wharton Infosys Business Transformation Award for their innovative and successful implementation of information technology to drastically decrease the time it takes to get new merchandise from the design stage to the in-store stage.
In 2008 Inditex launched Uterqüe
Uterqüe
Uterqüe is a company belonging to the Spanish Inditex group , that was created in September 2007 as a new store and fashion concept. The name is Latin and can be translated as "one of each" or "both this and that"...
, the new accessories brand of the company. Three inaugural flagship stores were opened in Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...
(Serrano Street), Barcelona
Barcelona
Barcelona is the second largest city in Spain after Madrid, and the capital of Catalonia, with a population of 1,621,537 within its administrative limits on a land area of...
(Passeig de Gràcia) and A Coruña
A Coruña
A Coruña or La Coruña is a city and municipality of Galicia, Spain. It is the second-largest city in the autonomous community and seventeenth overall in the country...
.
On 22 September, 2008 Inditex opened its 4,000th store in the Ginza
Ginza
is a district of Chūō, Tokyo, located south of Yaesu and Kyōbashi, west of Tsukiji, east of Yūrakuchō and Uchisaiwaichō, and north of Shinbashi.It is known as an upscale area of Tokyo with numerous department stores, boutiques, restaurants and coffeehouses. Ginza is recognized as one of the most...
in Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, considered one of the most important shopping areas in the world.
On April 20, 2011 opened the first Zara flagship in Australia. Thus, the Inditex group was present for the first time in 5 continents, and in 78 countries. Today Inditex is the biggest fashion group in the world.
Subsidiaries
- ZaraZara (clothing)Zara is a Spanish clothing and accessories retailer based in Arteixo, Galicia, and founded in 1975 by Amancio Ortega and Rosalía Mera. It is the flagship chain store of the Inditex group; the fashion group also owns brands such as Massimo Dutti, Pull and Bear, Oysho, Uterqüe, Stradivarius and...
- This is the flagship chain. It encompasses many different styles, from daily clothes, more informal, to the more serious or formal, through dresses and suits for festival events. Fashion for women, men and children. - Kiddy's Class - Also named Zara Kids. Kids Clothing from 0 to 14 years old.
- Pull and BearPull and BearPull and Bear is a Spanish clothing and accessories retailer based in Narón, Galicia and founded in 1991. In September 2011, the company will sell through an online store. -Concept & Style:...
- This brand focuses on casual, laid-back clothing and accessories for young people with a very urban style, at accessible prices. - BershkaBershkaBershka is a company belonging to the Spanish Inditex group , that was created in April 1998 as a new store and fashion concept, aimed at a young target market. It now has 734 stores in 49 countries....
- Starting in 1998, this store began distributing fashion for girls, and, more recently, for boys too. It also has a youthful style, although not as urban as Pull & Bear. - Massimo DuttiMassimo DuttiMassimo Dutti is a company belonging to the Spanish Inditex group dedicated to the manufacturing of clothing. It was created in 1985 and its product range was limited to men's clothing....
- The highlights of this chain are more elegant, classic and studied designs, for daily and formal clothes. It is more expensive than the rest of stores of the group. It offers fashion for women, men and, recently, for children. - StradivariusStradivarius (INDITEX)Stradivarius is an international women clothing fashion brand from Spain, the Inditex group.-History:Stradivarius was developed in 1994 as a family owned business with an innovative concept in fashion in Barcelona, Spain...
– this brand has an innovative concept in fashion, targeting young women with clothing garments and accessories. - Oysho - Offers lingerie and women's underwear (but also includes pyjamas, accessories, bathing suits in the summer and more) and includes collections for little girls and babies.
- Zara Home - This chain offers interiors, utensils for household furnishings, accessories, kitchenware and Zara Home Kids (for children).
- UterqüeUterqüeUterqüe is a company belonging to the Spanish Inditex group , that was created in September 2007 as a new store and fashion concept. The name is Latin and can be translated as "one of each" or "both this and that"...
- This is the latest addition to Inditex. It offers accessories such as shoes, handbags, jewellery and sunglasses. The intention is to present a sober image, inspired by the English clubs, but at the same time a clear and modern ambient. More costly than the group's other brands, except Massimo Dutti, it still aims to be price competitive with the big brands in the market. - Tempe - Tempe is Inditex Group's footwear company. From its International Centre in AlicanteAlicanteAlicante or Alacant is a city in Spain, the capital of the province of Alicante and of the comarca of Alacantí, in the south of the Valencian Community. It is also a historic Mediterranean port. The population of the city of Alicante proper was 334,418, estimated , ranking as the second-largest...
, Tempe designs and distributes the footwear that accompanies the fashions of all its brands.
| Company | No. of shops (January 2011) | Year of creation |
|---|---|---|
| Zara Zara (clothing) Zara is a Spanish clothing and accessories retailer based in Arteixo, Galicia, and founded in 1975 by Amancio Ortega and Rosalía Mera. It is the flagship chain store of the Inditex group; the fashion group also owns brands such as Massimo Dutti, Pull and Bear, Oysho, Uterqüe, Stradivarius and... |
1,518 | 1975 |
| Zara Kids - Kiddy´s Class | 205 | 2001 |
| Bershka Bershka Bershka is a company belonging to the Spanish Inditex group , that was created in April 1998 as a new store and fashion concept, aimed at a young target market. It now has 734 stores in 49 countries.... |
720 | 1998 |
| Pull and Bear Pull and Bear Pull and Bear is a Spanish clothing and accessories retailer based in Narón, Galicia and founded in 1991. In September 2011, the company will sell through an online store. -Concept & Style:... |
682 | 1991 |
| Massimo Dutti Massimo Dutti Massimo Dutti is a company belonging to the Spanish Inditex group dedicated to the manufacturing of clothing. It was created in 1985 and its product range was limited to men's clothing.... |
530 | 1995 (acquired) |
| Stradivarius Stradivarius (INDITEX) Stradivarius is an international women clothing fashion brand from Spain, the Inditex group.-History:Stradivarius was developed in 1994 as a family owned business with an innovative concept in fashion in Barcelona, Spain... |
593 | 1999 (acquired) |
| Oysho | 432 | 2001 |
| Zara Home | 284 | 2003 |
| Uterqüe Uterqüe Uterqüe is a company belonging to the Spanish Inditex group , that was created in September 2007 as a new store and fashion concept. The name is Latin and can be translated as "one of each" or "both this and that"... |
80 | 2008 |
| Tempe | 2 | 2011 |
| TOTAL | 5,046 |
External links
- Inditex Hoover's Factsheet
- Inditex company profile — Google FinanceGoogle FinanceGoogle Finance is a website launched on March 21, 2006 by Google. The service features business and enterprise headlines for many corporations including their financial decisions and major news events. Stock information is available, as are Adobe Flash-based stock price charts which contain marks...