Latest news with #RospCorunna
Fashion Network
6 days ago
- Business
- Fashion Network
Zara heiress Sandra Ortega grows her fashion fortune with 71% profit surge
In addition to her stake in Inditex, Rosp Corunna holds a 5% stake in Spanish pharmaceutical firm PharmaMar SA and maintains a growing presence in high-value real estate. The portfolio's diversification complements its foundation in fashion-linked capital. Ortega and her brother inherited their Inditex shares following the death of their mother, Rosalia Mera, more than a decade ago. Mera co-founded Inditex with Amancio Ortega, the family patriarch. Sandra Ortega does not hold any operational role at the company. In early 2024, Rosp acquired two buildings in Germany for €150 million, including the local headquarters of telecom operator Telefonica SA. These acquisitions follow previous real estate purchases in Frankfurt and Vienna, as well as land in Troia, Portugal, designated for a luxury resort project. Although not directly tied to Inditex's operations, Ortega's growing real estate footprint echoes fashion's increasing convergence with lifestyle and hospitality investments. Meanwhile, Marta Ortega — daughter of Amancio Ortega from a second marriage — has served as chair of Inditex since 2022, a role that further cements the family's legacy globally. Shares of Inditex rose 26% in 2024, reflecting continued investor confidence in the company's performance and agile supply chain model.
Fashion Network
6 days ago
- Business
- Fashion Network
Zara heiress Sandra Ortega grows her fashion fortune with 71% profit surge
Rosp Corunna, the family office of Inditex SA heiress Sandra Ortega, posted a 71% profit surge in 2024, reflecting strong returns tied to Ortega's share in the world's largest listed fashion retailer and strategic expansion into European real estate. Ortega, Spain's wealthiest woman and the daughter of Inditex co-founder Rosalia Mera, oversees a 5% stake in the company best known for global fast-fashion brand Zara. The stake, managed through Rosp Corunna, remains the core of her investment portfolio. The firm reported €300 million ($348 million) in profit last year, according to its annual earnings filings. All profits are scheduled to be reinvested in 2025. Rosp's total assets rose by 24.5% to reach €10.1 billion, underlining Ortega's growing financial influence within the global fashion economy. In addition to her stake in Inditex, Rosp Corunna holds a 5% stake in Spanish pharmaceutical firm PharmaMar SA and maintains a growing presence in high-value real estate. The portfolio's diversification complements its foundation in fashion-linked capital. Ortega and her brother inherited their Inditex shares following the death of their mother, Rosalia Mera, more than a decade ago. Mera co-founded Inditex with Amancio Ortega, the family patriarch. Sandra Ortega does not hold any operational role at the company. In early 2024, Rosp acquired two buildings in Germany for €150 million, including the local headquarters of telecom operator Telefonica SA. These acquisitions follow previous real estate purchases in Frankfurt and Vienna, as well as land in Troia, Portugal, designated for a luxury resort project. Although not directly tied to Inditex's operations, Ortega's growing real estate footprint echoes fashion's increasing convergence with lifestyle and hospitality investments. Meanwhile, Marta Ortega — daughter of Amancio Ortega from a second marriage — has served as chair of Inditex since 2022, a role that further cements the family's legacy globally. Shares of Inditex rose 26% in 2024, reflecting continued investor confidence in the company's performance and agile supply chain model.
Fashion Network
6 days ago
- Business
- Fashion Network
Zara heiress Sandra Ortega grows her fashion fortune with 71% profit surge
Rosp Corunna, the family office of Inditex SA heiress Sandra Ortega, posted a 71% profit surge in 2024, reflecting strong returns tied to Ortega's share in the world's largest listed fashion retailer and strategic expansion into European real estate. Ortega, Spain's wealthiest woman and the daughter of Inditex co-founder Rosalia Mera, oversees a 5% stake in the company best known for global fast-fashion brand Zara. The stake, managed through Rosp Corunna, remains the core of her investment portfolio. The firm reported €300 million ($348 million) in profit last year, according to its annual earnings filings. All profits are scheduled to be reinvested in 2025. Rosp's total assets rose by 24.5% to reach €10.1 billion, underlining Ortega's growing financial influence within the global fashion economy. In addition to her stake in Inditex, Rosp Corunna holds a 5% stake in Spanish pharmaceutical firm PharmaMar SA and maintains a growing presence in high-value real estate. The portfolio's diversification complements its foundation in fashion-linked capital. Ortega and her brother inherited their Inditex shares following the death of their mother, Rosalia Mera, more than a decade ago. Mera co-founded Inditex with Amancio Ortega, the family patriarch. Sandra Ortega does not hold any operational role at the company. In early 2024, Rosp acquired two buildings in Germany for €150 million, including the local headquarters of telecom operator Telefonica SA. These acquisitions follow previous real estate purchases in Frankfurt and Vienna, as well as land in Troia, Portugal, designated for a luxury resort project. Although not directly tied to Inditex's operations, Ortega's growing real estate footprint echoes fashion's increasing convergence with lifestyle and hospitality investments. Meanwhile, Marta Ortega — daughter of Amancio Ortega from a second marriage — has served as chair of Inditex since 2022, a role that further cements the family's legacy globally. Shares of Inditex rose 26% in 2024, reflecting continued investor confidence in the company's performance and agile supply chain model.
Fashion Network
6 days ago
- Business
- Fashion Network
Zara heiress Sandra Ortega grows her fashion fortune with 71% profit surge
Rosp Corunna, the family office of Inditex SA heiress Sandra Ortega, posted a 71% profit surge in 2024, reflecting strong returns tied to Ortega's share in the world's largest listed fashion retailer and strategic expansion into European real estate. Ortega, Spain's wealthiest woman and the daughter of Inditex co-founder Rosalia Mera, oversees a 5% stake in the company best known for global fast-fashion brand Zara. The stake, managed through Rosp Corunna, remains the core of her investment portfolio. The firm reported €300 million ($348 million) in profit last year, according to its annual earnings filings. All profits are scheduled to be reinvested in 2025. Rosp's total assets rose by 24.5% to reach €10.1 billion, underlining Ortega's growing financial influence within the global fashion economy. In addition to her stake in Inditex, Rosp Corunna holds a 5% stake in Spanish pharmaceutical firm PharmaMar SA and maintains a growing presence in high-value real estate. The portfolio's diversification complements its foundation in fashion-linked capital. Ortega and her brother inherited their Inditex shares following the death of their mother, Rosalia Mera, more than a decade ago. Mera co-founded Inditex with Amancio Ortega, the family patriarch. Sandra Ortega does not hold any operational role at the company. In early 2024, Rosp acquired two buildings in Germany for €150 million, including the local headquarters of telecom operator Telefonica SA. These acquisitions follow previous real estate purchases in Frankfurt and Vienna, as well as land in Troia, Portugal, designated for a luxury resort project. Although not directly tied to Inditex's operations, Ortega's growing real estate footprint echoes fashion's increasing convergence with lifestyle and hospitality investments. Meanwhile, Marta Ortega — daughter of Amancio Ortega from a second marriage — has served as chair of Inditex since 2022, a role that further cements the family's legacy globally. Shares of Inditex rose 26% in 2024, reflecting continued investor confidence in the company's performance and agile supply chain model.
Bloomberg
6 days ago
- Business
- Bloomberg
Zara Heiress Sandra Ortega's Family Office Posts 71% Profit Jump
The family office of Sandra Ortega, an heir to the Inditex SA fortune and Spain's wealthiest woman, posted a 71% profit jump last year, driven largely by its stake in the fashion firm. Rosp Corunna, Ortega's investment vehicle, reported €300 million ($348 million) in profit for 2024, all of which will be reinvested this year, according to annual earnings filings. The total value of Rosp's assets rose 24.5% to €10.1 billion.
