![]() ![]() Whether that will be enough to build the business while managing the transition to more online shopping remains to be seen. Her father, who has a 59% stake in the $90 billion company, remains the eminence grise in defining the direction of the mammoth retailer. However, it should be noted that Ortega Pérez is not taking on her predecessor’s role as executive chairman. Swiss boarding school-educated Marta is the daughter of Amancio Ortega and his second wife Flora Perez, a member of staff he started an affair with while still married to his first wife Rosalia. Her name was Marta Ortega Prez, the daughter of the Inditex and Zara co-founder, Amancio Ortega Gaona, whose personal wealth is estimated to be around 77.7bn. ![]() Investors’ concern over the new team’s lack of experience saw Inditex’s share price drop more than 5%. CEO Carlos Crespo, meanwhile, is being replaced by Oscar Garcia Marceiras, a lawyer with little experience in retail. Marta Ortega Perez, the newly appointed chair of Inditex, is paying homage to her late friend Peter Lindbergh with a retrospective of his work that’s set to open this weekend in A Corua. She replaces longstanding executive chairman Pablo Isla, 57, under whose guidance the company expanded globally while its market value increased sixfold. Her appointment is just part of a generational leadership change at Inditex. ![]() “I have always said that I would dedicate my life to building upon my parents’ legacy,” Ortega Pérez recently said, “looking to the future but learning from the past.” The power succession at Inditex is very much a family affair. Ortega Pérez is credited with building the Zara brand by introducing “mass haute couture” premium collections. But unlike her publicity-shy father, she regularly attends socialite parties and major high-fashion shows by designers such as Valentino. Until now, she never had a defined job title. Ortega Pérez has worked at the company for 15 years, starting on the shop floor of Zara on King’s Road in London. The La Coruña, Spain–based company-the world’s largest clothing retailer-chose Ortega Pérez, 37, to be its next chairperson and to continue to spearhead its fast-fashion initiatives while expanding internationally and overseeing the more than 6,600 shops that generated €20.4 billion ($22.9 billion) in sales last year. La hija de Amancio Ortega da un paso más allá en el mundo de los negocios y, bajo sus siglas, funda una organización sin ánimo de lucro que se basa en tres pilares: A Coruña, fotografía y moda. Marta Ortega Pérez, the youngest daughter of Amancio Ortega, the 85-year-old founder of Inditex, is being handed control of the global fashion empire, including its flagship chain of Zara outlets. The company's new chairperson Ortega Pérez has worked at the company for 15 years, starting on the shop floor of Zara on King’s Road in London. ![]()
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