What is the significance of Industria de Diseño Textil S.A. (Inditex) in the clothes industry?
Industria de Diseno Textil, S.A. – Inditex – is one of the largest textile manufacturers in the world. Founded and headquartered in Spain in 1975 by Amancio Ortega, who would become one of the wealthiest individuals in the world, Inditex specializes in what has been labeled “disposable chic fashions that are here today and gone tomorrow.” Rare within the fashion industry, Inditex is a vertically-structured multinational corporation that is involved in every aspect of the design, manufacturing, distribution and retail sale of its product. It maintains over 6,200 stores worldwide divided into eight different labels, ranging from footwear to women’s business lines to children’s clothing. Its line targeted towards youth, Pull & Bear, as with the other branches, specializes in developing styles while conforming to the latest fashion trends, and Inditex prides itself on its ability to quickly adapt to changing tastes and styles. Its global reach has made it an influential component of the fashion industry.
Inditex's success has enabled it to become active in charitable and humanitarian activities, including support for Doctors Without Borders and for educational programs in Latin America, where its natural linguistic and cultural ties have made it particularly prominent.