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    ITX   ES0148396007

INDITEX

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Inditex Appoints Founder's Daughter as Chairwoman

11/30/2021 | 02:28am EST

By Joshua Kirby

Industria de Diseno Textil SA on Tuesday said Marta Ortega Perez, the daughter of the Spanish fashion group's founder, is set to become its chairwoman.

Ms. Ortega will succeed Pablo Isla Alvarez, executive chairman since 2011, who will resign his position effective March 31, 2022, the company said. Ms. Ortega's father, Amancio Ortega, founded the La Coruna-based company, which owns fashion brands including Zara and Pull & Bear.

The appointment completes the "generational handover" that began in 2011 when Mr. Ortega stepped down as chairman, the company said, adding that the changes will be presented for ratification at the next annual general meeting.

Inditex also appointed a new group chief executive, with Oscar Garcia Maceiras, general counsel and board secretary, succeeding Carlos Crespo Gonzalez. Mr. Crespo becomes group chief operating officer, with a remit covering the digital transformation and sustainability, Inditex said. The changes are effective immediately, the company said.

A new management committee is also being introduced, including Mr. Crespo, group finance chief Ignacio Fernandez Fernandez and executives from the group's larger brands, the company said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

11-30-21 0228ET

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Financials
Sales 2022 27 746 M 31 472 M 31 472 M
Net income 2022 3 608 M 4 092 M 4 092 M
Net cash 2022 8 314 M 9 431 M 9 431 M
P/E ratio 2022 24,4x
Yield 2022 3,33%
Capitalization 87 529 M 99 273 M 99 285 M
EV / Sales 2022 2,86x
EV / Sales 2023 2,62x
Nbr of Employees 124 274
Free-Float -
Chart INDITEX
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INDITEX Technical Analysis Chart | ITX | ES0148396007 | MarketScreener
Technical analysis trends INDITEX
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 28,10 €
Average target price 32,43 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Oscar García Maceiras Secretary, Executive Director & General Counsel
José Ignacio Fernández Chief Financial Officer
Pablo Isla Álvarez de Tejera Chief Executive Officer
Gabriel Moneo Marina Chief Information Technology Officer
Carlos Crespo González COO, MD-Sustainable & Digital Transformation
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