These are the 8 executives who take the helm of Inditex brands - Inditex brands present 8 executives leading company growth - Zara, Bershka, Pull & Bear, Zara Home, Stradivarius, Massimo Dutti, Oysho and Uterqüe. Each 1 of the 8 Inditex brands is, in itself, an ecosystem of its own and its evolution in recent years has been very disparate. Of course, the trend remains clear: Zara is the flagship and the textile giant has a dependence on it that has not diminished, on the contrary.
According to Inditex's annual corporate governance report, 6 men and 2 women are in charge of the teaching. All are, to a greater or lesser extent, people of full trust of Amancio Ortega, the founder of the company, and forming, together with 13 managers more —including the director of Human Resources, Begoña López Cano; head of Logistics, Lorena Alba; or the director-general of Finances; Ignacio Fernández—, the high direction of the giant of a coruña.
According to the group's non —financial report, senior management distributed 27.79 million euros in fiscal year 2020— ended on January 31, 2021 -, 8% below 2019 and 32% below 2018.
This group of directors includes 2 brothers-in-law of Amancio Ortega, but also Jordi Triquell, son of the founder of Stradivarius, the Catalan Paco Triquell.
These are the people who are at the helm of the Inditex brands, which in 2020 generated sales of 20,402 million euros.
Inditex brands present 8 executives leading company growth
The stronghold of Inditex is Zara and it is for obvious reasons: last fiscal year, the company contributed 69.3% of the group's income, compared to 69.1% in 2019. At the helm is Óscar Pérez Marcote, brother-in-law of Amancio Ortega, who took the reins in 2011, coinciding with the arrival of Pablo Isla to the presidency of Inditex.
Between 2004 and 2011, Pérez Marcote was the head of Bershka, the next brand by sales volume of the Galician group. Knowing how to successfully manage the growth of the company was his best guarantee. In fiscal year 2009, for example, sales grew by 15%, well above Zara's 4%.
The teaching focused on the young public Bershka is in charge of Antonio Flórez de la Fuente. It is the second Inditex brand in terms of revenue volume, although in 2020 it suffered a year-on-year fall of 26%, to 1,772 million.
Inditex brands present 8 executives leading company growth
The manager landed at the top management of the group in 2017, when the until then director of the chain, Marco Agnolin, left the group to sign for Diesel. Before his arrival, he was already considered a historical in the company: he was commercial director of Zara in Europe or head of Inditex in Italy, according to Expansión.
Pull & Bear, the other Inditex brand focused on young audiences, was the chain of the group that most reduced its ROCE (return on employed capital) in 2020: its profitability fell 28 percentage points, to 11%. It is directed by José Pablo del Bado, one of the strongmen of Inditex and, in the past, responsible for Lefties. "It's the son Ortega didn't have," say strong internal ones.
He is one of the few members of senior management who remain in the same position from the time of José María Castellano, CEO of the group until 2005.
Inditex brands present 8 executives leading company growth
In 2018, the departure of Eva Cárdenas, director of Zara Home, opened a new stage in the decoration show. Lorena Mosquera took over, until then responsible for point at Zara Woman and linked to the group for more than 20 years.
Internal sources of the group point out that, for the teaching, "it is vital" the umbrella provided by Zara. In fact, since the departure of Cárdenas, who had led the entire creation process, Inditex no longer reveals how much Zara Home contributes to its results. To find the latest reference we have to go back to 2018, when the turnover reached 830 million euros.
At the head of Stradivarius is Jordi Triquell, son of the founder of the chain, Paco Triquell. Inditex took control of the brand in 1999, when the Catalan firm was beginning to be a dangerous enemy. Proof of this was the launch of Bershka, in 1998, aimed at a similar audience. Stradivarius is the fifth Inditex chain by sales volume and the third in number of stores.
Inditex brands present 8 executives leading company growth
Massimo Dutti was born in Barcelona in 1985 and did so outside the Inditex ecosystem, which did not acquire it until 1991. Since 2000, it has been directed by Jorge Pérez Marcote, brother of Flora López —wife of Amancio Ortega-and the director of Zara. According to sources within the group, he is one of Ortega's most trusted men.
The lingerie firm Oysho has been headed since 2002 by Carmen Sevillano, who replaced Sergio Bucher, who started the chain and who came from Cortefiel. However, the management already carried out functions related to Zara's lingerie line during its time in the commercial department of this brand.
Since 2013, at the head of Uterqüe, the youngest chain of Inditex, is José Luis Rodríguez Moreno. The least fast fashion and the most exclusive of all the chains of the group falls on a manager with more than 2 decades in Inditex, according to the specialized portal Modaes.
More news:
Spain once again opens the door to international tourism: it receives 2.2 million visitors in June compared to 204,272 a year earlier and spending grew by 29.5 million%
Spain once again opens the door to international tourism: the country received in June the visit of 2.2 million people, which is 984.7% more than in the same month of 2020, when 204,272 arrived. The total expenditure of tourists stood at 2,416 million euros, according to the Statistics of Tourist Movements in Borders (Frontur) and the Tourist Expenditure Survey (Egatur) published by the National Statistics Institute (INE).
However, between January and June, the number of tourists visiting Spain has decreased by 49.6%, to 5.4 million. In the same period of 2020, about 10.8 million people arrived.
Of the international visitors in June, Germany is the main issuing country, with 500,010 tourists, representing 22.6% of the total. It is followed by France with 438,560 visitors and the Netherlands with 147,312.
In the accumulated year, the main issuing countries are France, with about 1.2 million tourists and a decrease of 16.9% compared to the same period of 2020; Germany, with almost 1.2 million and a decrease of 12.3%; and the rest of Europe, with 672,798 tourists, 27% less.
As for the preferred destinations in June, the Balearic Islands continues to top the list, accounting for 29.6% of total arrivals. It is followed by Catalonia, with 18.2%, and Andalusia, which wins in 13.4% of visits.
The expenditure of international tourists who visited Spain in the fifth month of the year reached 2,416 million euros, which represents an increase of 29.5% compared to what was registered a year before. Spending per tourist stood at 1,090 euros, while the daily media stood at 147 euros.
So far this year, the average expenditure of international tourists who have visited Spain has registered a decrease of 71.5% compared to the same period a year ago, standing at 3,349 million euros.
The airport route is the one that serves as the entrance to the largest number of tourists in June, with more than 1.7 million, compared to the 65,871 visitors of the same month the previous year. By road 472,860 tourists, by rail 10,143 and by port 9,374.
Regarding the majority stay in June, it is 4 to 7 nights, with more than a million tourists, compared to 77,385 of the same month the previous year. In June 1.8 million tourists traveled without a tourist package, compared to 188,871 a year earlier. With a travel plan, 370,665 arrived, compared to 15,401 the same month.