Industria de Diseño Textil, S.A. (Inditex) (/ˌɪndɪˈtɛks/, Spanish: [indiˈteks]; Textile Design Industries) is a Spanish multinational clothing company headquartered in Arteixo, Galicia. It is made up of almost a hundred companies dealing in activities related to textile design, production, and distribution. Amancio Ortega, Spain's richest man, and currently the world's fourth richest man, is the founder and current largest shareholder. The current chairman of Inditex is Pablo Isla. The company is a component of the Euro Stoxx 50 stock market index.
Inditex, the biggest fashion group in the world, operates over 6,600 stores worldwide and owns brands like Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, Zara, Tempe, and Uterqüe, and also a low-cost brand Lefties. The majority of its stores are corporate-owned; franchises are only conceded in countries where corporate properties can not be foreign-owned (in some Middle Eastern countries, for example).
The group designs and manufactures almost everything by itself, and new designs are dispatched twice a week to Zara stores.
Most of the company's manufacturing is done in countries with low labour costs, mainly in Bangladesh, India, Morocco, China and Turkey, although some production continues in Spain, Brazil and Portugal, particularly for its Zara brand. In addition, Inditex has a factory for shoe design, production and distribution in the town of Elche, on the Spanish Mediterranean coast. (Source: Wikipedia)