In 2000, Inditex was among the biggest specialty clothing retailers on the planet, with $2.4 billion in sales from 1,080 shops across 33 states. The major brand of Inditex, Zara, made popular designer items at a portion of design-house costs and may drive on an item from design to show in significantly less than fourteen days. Nevertheless, Inditex was only one sixth the size of the planet's biggest specialty retailer, US-based Gap, and two thirds the size of its own Swedish competitor, H&M. Amancio Ortega, the infamously private Chairman and founder of Inditex, was dedicated to challenging these business leaders. This growth desired more capital and, in July 2000, the organization declared it had IPO in 2001. The very first effort to locate a CEO that was younger had failed. Optimistically, an IPO would fetch a fresh management team that could maintain the accelerated growth of Inditex.
PUBLICATION DATE: June 03, 2013 PRODUCT #: 715C04-HCB-CHI
This is just an excerpt. This case is about STRATEGY & EXECUTION
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