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Meet Amancio Ortega: The third-richest man in the world – Fortune Management
Amancio Ortega Gaona — the man inside the car — is the third-richest man on earth. In this provincial corner of Galicia, on Spain’s windswept northwestern coastline, the 76-year-old founder of the Inditex Group has spent years secluded from public view, all while living in the middle of La Coruña, a city of 246,000 people. Among the millions of shoppers who patronize Inditex’s flagship brand, Zara, and have made Ortega unfathomably rich, few have even heard his name. Ortega has made sure of that, shunning social appearances and refusing all interview requests (including for this article). Until 1999 no photograph of Ortega had ever been published.
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$23,000 a metre: Champs Elysees transforms as luxury brands move in
The Champs Elysees, high on the list of many Paris visitors, is being transformed as eye-watering rents drive out retailers like British multinational Virgin, which will probably give way to another foreign group that wants to to showcase its products to 300,000 window shoppers per day.
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Fashion Designer Doo Ri Chung Named Creative Director of Vince | Haute Living
New York fashion designer Doo Ri Chung is saying farewell to New York City! The 40-year-old designer, who mysteriously left her namesake label earlier this year, is moving to sunny Los Angeles to work as the creative director for Vince.
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Tiffany adds to US retail gloom – FT.com
The post-Christmas gloom in parts of the US retail sector deepened on Thursday as Tiffany & Co, the jeweller, and Aéropostale, a fashion retailer, reported weak sales that sent their shares falling.
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Luxury Society – For ex-Givenchy design guru, a return to fine art – SmartPlanet.com
A decade ago, Argentine artist/designer Pablo Reinoso was deciding whether Liv Tyler or Natalie Portman should be the new face of Givenchy perfume. Today, his professional efforts have a decidedly less commercial air. On a recent Friday evening, he could be found in the Xippas art gallery in the ground floor of the Philippe Starck-styled Yoo building in Punta del Este, Uruguay. It was the beginning of the high society season in this South American take on the French Riviera, and he was overseeing the installation and opening party for an exhibition of the playful benches and frames that make up his Firulete series of sculptures.
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