After 32 years, Antonio Abril is leaving the Spanish textile giant to focus on academia, replaced by Oscar García Maceiras, a state attorney from A Coruña and deputy secretary of the board at Banco Santander.
Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores.
In the face of the ongoing health crisis, the Galician group is taking measures such as gradually implementing remote working at its HQ in Arteixo, A Coruña, and suspending employee services, like buses and the gym.
Zara continues to be the group’s largest brand, while Stradivarius and Uterqüe are the fastest-growing formats. FashionNetwork.com takes an in depth look at brand performance and Inditex’s long-term vision.
Marcella Wartenbergh is to become the new chief executive of Pepe Jeans Group, taking over from group founder and shareholder Carlos Ortega. She joins from PVH Corp, which owns Tommy Hilfiger and Calvin Klein.
Amancio Ortega, Europe's richest man and founder of retailer Inditex, had commercial property assets worth nearly 10 billion euros (8.81 billion pounds) at the end of 2018, up 11.5 percent from the previous year.