[4] Inditex, the biggest fast fashion group in the world,[5] operates over 7,200 stores in 93 markets worldwide.
[11] In the early 1960s Amancio Ortega started his own business in the clothing industry while working for a local shirt maker in A Coruña, Spain.
[12] Ortega began developing his designs and he and his wife Rosalia Mera started making clothes in their home.
In 1985, Industria de Diseño Textil S.A. or Inditex was created as a holding company for Zara and its manufacturing plants.
[21] In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line.
[29] In 2005, CEO Jose Maria Castellano stepped down from the position to oversee expansion plans, he was replaced by Pablo Isla.
[29] In 2011, Ortega, the founder of the business and majority shareholder, stepped down as deputy chairman and CEO Isla handles day-to-day operations.
[34] The company's revenue fell by 18% to $1.85 billion in the final quarter of 2020, primarily due to the fall in retail sales as a result of the coronavirus pandemic.
[35] In May 2021, Inditex said that all its stores in Venezuela would close as it will review its agreement with its local partner Phoenix World Trade.
[15] Canada, Germany, Poland, Saudi Arabia and several South American countries received stores in 1999.
[32] The company's expansion continued to the Serbia, North Macedonia, Armenia, Ecuador, Georgia and Bosnia-Herzegovina in 2012.
[45] Zara joined the e-commerce marketplace in September 2010, launching websites in Spain, the UK, Portugal, Italy, Germany and France.
[46][47] In November 2010, Zara's online presence grew to include Austria, Ireland, the Netherlands, Belgium and Luxembourg.
The company also invests heavily in a prime commercial location with fashion-forward window displays for optimum high street visibility and product turnaround.