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Zara heiress Marta Ortega takes over fashion empire
big monster in the middle of the Covid crisis.”Cedric Rossi, an analyst at Bryan Garnier, added: “Although this transition phase seemed to have been prepared internally, the departure of Pablo Isla may leave a great void in the near-term.”Inditex said that the appointments completed a “generational handover process” that began in 2011 when its founder Amancio Ortega stepped down as chairman.Ms Ortega’s reclusive father Amancio founded Inditex in 1975 when he opened its first shop with his ex-wife, Rosalia. He owns a 59pc stake in Inditex and is one of the world’s richest men, with a net worth of $71bn (£53bn), according to the Bloomberg Billionaires Index.Inditex, which also owns Pull&Bear and Stradivarius, has grown to dominate high