November 30, 2021 at 11:29 am CET
Marta Ortega It will culminate on April 1st. if take over the presidency of Inditex, a long preparation time. The third daughter of Amancio Ortega will be transferred to the bridge of the largest ocean liner in the world. The group has 6,654 branches in 96 countries and, thanks to its online platform, sells in a total of 216 markets. It consists of eight brands: Zara – the one who founded the group and in which the future CEO developed her career – Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe.
Not all analysts expected this move; There were those who took it for granted that even if Pablo Isla climbed up the org chart, he would continue to lead. Finally, in addition to the rise to the top, it was decided to include a management committee in the new organizational structure, which is composed of managers from various company and business areas, and with a long history in the group. A kind of old guard escorting Marta Ortega.
All indications have long since pointed to Ortega as the great heir to the empire her father founded. The step announced today goes in this direction, but at this point the textile group is only part of the entrepreneur’s investment and social activity. And in the other arms is Martha too.
In the social field, the daughter is a member of the Amancio Ortega Foundation, through which solidarity campaigns in the educational and social field are carried out. The organizational chart consists of employees whom the businessman strictly trusts, and in fact Flora Pérez Marcote, his second wife and Marta’s mother, is the first vice-president of a board of trustees on which Pablo Isla is also represented.
In purely economic terms, the next Inditex president will be a shareholder in Pontegadea Inversiones, which in turn almost owns 60% of the textile group and 100% of Pontegadea Inmobiliariawith which the entrepreneur expanded into the world of bricks. This puts her in the privileged position of continuing the path her father has chosen in this other business as well. Based on the investment of millionaire profits that Inditex reports each year, Amancio has acquired Ortega a real estate portfolio worth more than 14.00 million euroswhich outperforms the two listed real estate investment companies Ibex, Merlin and Colonial.
In addition, it has recently become known that Pontegadea has also entered the field of renewable energies. With an injection of 245 million euros, the company has become a partner in one of Repsol’s large wind turbine complexes. It will comprise 49% of the Delta Park in the province of Zaragoza with a capacity of 335 megawatts (MW).
The legacy of Amancio Ortega
It was only 15 days ago that Forbes magazine hypothesized about Amancio Ortega’s successor. When this is completed, an unprecedented event will occur: two wives, his two daughters, become the two richest people in Spain, according to the famous list of the publication.