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Zara heiress Sandra Ortega grows her fashion fortune with 71% profit surge

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5 months ago

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Bloomberg

Published



July 17, 2025

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.

Zara heiress Sandra Ortega grows assets to €10.1 billion – Bloomberg

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.

FashionNetwork.com with Bloomberg



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Cosmetics giant Unilever finalises business demerger

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7 hours ago

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December 5, 2025

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By

AFP

Published



December 5, 2025

The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.

Reuters

Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.

The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.

Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.

“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.

Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
 

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Burberry elevates two SVPs to supply chain and customer exec roles

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7 hours ago

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December 5, 2025

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December 5, 2025

Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.

See fashion show
Burberry – Spring-Summer2026 – Womenswear – Royaume-Uni – Londres – ©Launchmetrics/spotlight

Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm. 

In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.

Matteo Calonaci - Burberry
Matteo Calonaci – Burberry

Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.

Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.

JohnattanLeon - Burberry
JohnattanLeon – Burberry

Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.

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Puneet Gupta steps into fine jewellery

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8 hours ago

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December 5, 2025

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Published



December 5, 2025

Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.

Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta

 
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”

The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.

An eclectic mix of jewels from the collection
An eclectic mix of jewels from the collection – Puneet Gupta

 
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.

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