Browsing: news

Factbox – Fashion, Family and Horses – Inditex Heiress Takes the Reins | Investing News

MADRID (Reuters) – Marta Ortega will take the reins next year at fashion retail empire Inditex, the Spanish company founded by her father Amancio Ortega and that has made him one of the world’s wealthiest men.

The 37-year-old will take over as chairwoman of the group working with a new chief executive, the last step in handing over to a new generation of leaders that began a decade ago, the Zara-brand owner said.

Following are key facts about Marta Ortega:

* The youngest daughter of Amancio Ortega started work with the group 15 years ago by stacking shelves in Inditex’s Bershka shop in central London.

* She graduated from the European Business School in London. She previously studied in La Coruna in northern Spain, where her family comes from, and also in Switzerland.

* As chairwoman, Ortega will continue to oversee Zara’s image and fashion business, her current responsibilities after

Read More
Warren’s Thumm keeps tinkering with time | News, Sports, Jobs

Staff photo / R. Michael Semple
Greg B. Thumm, president of Thumm & Co., a father- and son-owned boutique fashion watch company in downtown Warren, shows a selection of watches made by the company. Thumm, former president of Bulova, started the company with his son, Greg, in December 2019. It operates in the back of Thumm’s Bike and Clock Shop, which the older Greg’s grandfather started and is operated by his brother, Augie Thumm.