Inditex said first-half profit rose 32%, driven by online sales and new stores in Asia.
He stepped down as chairman of Inditex, but reportedly remains very involved in the business.
FORBES: The Year's Biggest Winner: Zara Billionaire Amancio Ortega
Inditex, the greatest retail success (Zara stores) of the day, has gotten to 609, from 763.
Inditex has proven that cheap and fast fashion can also be trendy and well presented.
Inditex, Zara's parent company, has overtaken Gap as the world's biggest clothing retailer by sales.
In the past two years, he's brought us big stories on Armani, Zegna and Inditex's Zara chain.
Yet the further Inditex moves away from home, the trickier it will be to cater to instant-fashion whims.
Inditex SA, Zara's parent company, didn't immediately respond to a request for comment.
Rosalia Mera, co-founder of Inditex with ex-husband Amancio Ortega, remains Spain's richest woman.
To smooth its growth, Inditex has opened a new distribution centre in Zaragoza.
Year-over-year, shares of parent company Inditex, which also owns the brands Massimo Dutti, Bershka, and Pull and Bear, rose 50%.
FORBES: The Year's Biggest Winner: Zara Billionaire Amancio Ortega
Based in Spain, Inditex sources more than half its goods from its home country as well as neighboring Portugal and Morocco.
Although Mr Castellano insists that Inditex can be as nimble in other countries as it is at home, that could prove difficult.
Inditex Group (you may know them better as Zara) and Banco Santander both made the list and both showed growth on value.
Spain's Inditex dresses men and women in Zara outfits in 76 countries.
Inditex is something of a supply chain marvel: clothes move from concept to design to the Zara stores in a matter of days.
FORBES: The Year's Biggest Winner: Zara Billionaire Amancio Ortega
Today the company Ortega and Mera founded is one of the globe's most successful retailers: Inditex, parent company of the Zara retail stores.
Inditex is extremely clever in how it uses technology, says Andrew McAfee, a Harvard Business School specialist in the corporate use of information technology.
Inditex co-founder Rosalia Mera, whose son Marcos has inspired her activism.
FORBES: World's Richest Moms Tory Burch, Meg Whitman, Even Oprah Make Motherhood Work
Marta, who works for Inditex, is reportedly expecting a baby boy.
FORBES: The Year's Biggest Winner: Zara Billionaire Amancio Ortega
Unlike some of its European counterparts, Inditex - which also owns brands Massimo Dutti, Bershka and Pull and Bear - has seen impressive results in recent years.
Inditex reported higher profit for its fiscal year after the owner of Zara doubled its footprint in China and increased sales across its global network of stores.
The son of a railway worker, he founded Inditex with former wife Rosalia Mera, also a billionaire, making lingerie and dressing gowns in their living room.
FORBES: The Year's Biggest Winner: Zara Billionaire Amancio Ortega
Record profits, and a resulting surge in the share price of the holding company Inditex that he owns, has propelled Mr Ortega from fifth place, leapfrogging Mr Buffett.
Zara-owner Inditex, the biggest fashion clothing retailer in the world, has reported yet another increase in profits, helped by sales in Eastern Europe and its new online store in China.
Spanish athletes will be wearing uniforms made in Russia despite the fact that both Inditex (owner of Zara) and Mango, two Spanish apparel companies, have excellent facilities located in Spain.
FORBES: Russian Olympians Will Wear Uniforms Made By American Brand
He stepped down as chairman of Inditex, best known for its Zara brand, in 2011, but still owns nearly 60% of its shares, which soared 50% year-over-year on record profits.
So far, Inditex has only 16 shops in America, the world's biggest market, and aims to gets its European expansion going before pushing hard on the other side of the Atlantic.
Tung Hai began manufacturing Inditex's apparel in 2011, but Inditex ended the relationship in June 2012 after the factory failed to adequately respond to the retailer's demands to improve factory working conditions, Inditex said.
Tung Hai began manufacturing Inditex's apparel in 2011, but Inditex ended the relationship in June 2012 after the factory failed to adequately respond to the retailer's demands to improve factory working conditions, Inditex said in a statement.
应用推荐