1. Inditex Group
1.2 Share information and ownership
1.3 Inditex portfolio
3. Inditex in South Korea
3.1 Entry strategies
3.2 Entry strategy in South Korea
3.4 SWOT analysis
3.5 Inditex in Asia
1. Inditex Group 2.1 Inditex
Inditex is a large Spanish multinational and nowadays is the largest fashion group, above of GAP. It is made up of almost a hundred companies dealing with activities related to textile design, production and distribution. Inditex was founded by Amancio Ortega, who is the richest man in Spain, and the 7th World's richest man
Inditex has more than 5,000 stores all over the world and owns many brands that I will define in the following points. The majority of Inditex stores are corporate-owned, but as we will see, Inditex uses other strategies to open new stores. Nowadays Inditex employs more than 100.000 workers all over the world. | 2010 | 2009 | 09/10 | Income | 12.527 M€ | 11.084 M€ | 13% | Net income | 1.732 M€ | 1.314 M€ | 32% | Stores | 5.044 | 4.607 | 437 | Coutries | 77 | 74 | 3 | Workers | 100.138 | 92.301 | 7.837 |
The characteristic that make Inditex different from its competitors is that Inditex almost designs and manufactures everything by itself, and thanks to that, new designs can be dispatched twice a week to its stores.
The headquarters of Inditex are in Arteixo, a town in northwestern Spain, and it is there where almost all its merchandises are manufactured; about 50% of the production is made near Arteixo, about 30% is made in China, and the rest of the production is made in Europe. Moreover, Inditex has another big plant mainly responsible for shoes' design, production and distribution in Elche, in the Spanish Mediterranean coast.
Between years 1996 and 2001, the group tripled its size, and after 2001 it rocketed its revenues