4 Apr, 2022 @ 08:45
1 min read

Marta Ortega takes over helm at Spain’s fashion giant Inditex with €1million salary

Store Logos In Valencia, Spain 29 Jul 2021
July 29, 2021, Valencia, Spain: People seen at Zara clothing store in Valencia. (Credit Image: © Xisco Navarro Pardo/SOPA Images via ZUMA Press Wire)

MARTA Ortega has taken over as chairwoman of global fashion giant Inditex and will be earning an annual salary of €1million.

The 38-year-old started out in the business created by her father Amancio Ortega as a shop assistant and had to work her way up learning the ropes along the way.

But when she took over at the helm on April 1, replacing Pablo Isla as chair of the group which includes fashion brands Zara, Massimo Dutti,  Pull and Bear and Berksha, her annual salary was revealed to be €900,000 as non-executive chairperson and €100,000 as a member of the board.

She had long been considered in line to take over from her father, who is now 86 and is Spain’s richest man.

Mercedes Benz Fashion Week Madrid, Spain 17 Sep 2021
From shop assistant to €1million annual salary. Image from Cordon Press

Inditex was founded by Ortega and his then-wife, Rosalia Mera, in 1975 in Galicia, in northwestern Spain and now boasts more than 6,000 stores worldwide.

Last week it took the decision to close its more than 500 stores in Russia in protest at the invasion of Ukraine.

This will be one of the first challenges facing Marta when she takes over as the Russian market represents Inditex’s second largest after Spain. 

It employs 9,000 staff within Russia and contributes around 10% of the global operating profit.

Inditex warned consumers to expect its prices to rise by up to 2% in Spain and Portugal this year.


Jorge Hinojosa

Jorge Hinojosa Mena was born and bred in Madrid before moving to the UK to study. After an undergraduate degree in Manchester, he completed an MA in International Journalism at City. He has worked in radio and for Spain’s Efe news agency before joining the Olive Press in March 2022. Contact: [email protected]

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