Have you ever shopped at Zara?
Did you know that the holding company of Zara is actually the largest apparel retailer in the world?
And that's larger than H&M! And even Uniqlo (by the company, Fast Retailing)!
Today, in this special edition of #AskDrWealth, we take a trip from Singapore to Barcelona, Spain.
While Alvin is there, he chanced upon a Zara while shopping.
So...we'll talk about Zara today! Its holding company is Inditex which is the most successful company in Europe.
So here are some fun facts~
Amancio Ortega is the founder of Zara. He has a net worth of $71 billion and is the richest man in Europe.
In the world’s ranking, he is the 4th richest man at the point of recording.
Apart from the successful Zara, he owns other brands. All of these brands are under the umbrella of a holding company known as “Inditex” (ITX).
It is listed on the Bolsa de Madrid and is one of the component stocks of the IBEX 35.
IBEX35 is an index made up of the TOP 35 companies in Spain by traded market cap
Here are some facts about Inditex, the stock:
- It has a share price of 37 Euro Dollars
- It actually has a PE ratio of 26
- It has a dividend yield of 1.85%
* Accurate at the point of recording
You are right if you think that it's not exactly cheap.
However, it is interesting to note that we usually don't see a blue chip stock or index stock to be trading at such levels.
I hope you'd learned more about Zara. The next time you shop there, you should see it in a newer perspective 🙂
If you enjoyed reading the above article, read also here about 5 SGX-listed Companies That Benefited From Covid-19 As Profits Jumped During 1H2020.