News Formal

Shake-up at Zara owner Inditex catches market by surprise

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

Inditex stock plunges as founder’s daughter, Marta Ortega, named chair and CEO to be replaced after just two years

Inditex announced a surprise overhaul of its top management by elevating the founder’s daughter and appointing a new CEO after just two years.

“Although this transition phase seemed to have been prepared internally, the departure of Pablo Isla may leave a great void in the near term,” wrote Cedric Rossi, an analyst at Bryan Garnier. Ortega is also less publicity-shy than her reclusive father, hobnobbing in glitzy social circles and showing up at big fashion events across the world.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart finance chief Brett Biggs to step down in 2022Announcement surprises analysts who had viewed Biggs as next in line for Walmart’s top job
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE bucks global trend, led by minersMajor international markets were all weaker, bar Shanghai, as investors remain concerned about the Omicron variant
Source: BDliveSA - 🏆 12. / 63 Read more »