Exclusive: Ortega shields Inditex stake to maintain family control

Apr 6, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

MADRID (Reuters) – Amancio Ortega, founder of the world’s biggest clothing retailer Inditex and Europe’s richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.