8/12/2023 0 Comments Marta ortega swiss boarding school![]() ![]() The result of this audit, according to information published by eldiario.es, is the reason behind the two lawsuits filed by Ortega's firstborn. According to the publication, Rosp Corunna commissioned a financial report from consulting firm KPMG to investigate whether the manager had maintained a fraudulent conduct in his job. When after 20 years Sandra Ortega dispensed with Leyte, the dismissal due to "loss of confidence" hid some suspicions. Sandra Ortega has filed two complaints against the former manager of her fortune Contacted by the ARA, a spokeswoman for the company avoided assessing a process that is still ongoing, after the courts started processing the complaints. According to eldiario.es, Sandra Ortega has filed two lawsuits for misappropriation, misrepresentation and disloyal administration against José Leyte, manager until November 2020 of Rosp Corunna, the family office through which he managed her investments. The tycoon's elder daughter is now immersed in a legal dispute with the man who was the manager of her enormous wealth for more than two decades, a confrontation that has forced upon her more attention than she would like. Or at least that's how it has been until very recently. After this appearance in public life, however, Sandra Ortega largely managed to keep a low profile and devote herself to managing the real estate assets, shares and charitable foundations of her mother's legacy. ![]() In inheritance she received, among many other assets, 5% of Inditex's shares, the fashion colossus where her mother started sewing bathrobes from home while her father served customers. ![]() The death of Rosalía Mera in 2013 turned the Galician tycoon's first daughter into the second richest person in Spain after her own father. When she wen to the morgue, photographers and television cameras surrounded her and offered the first glimpse of a woman with short red hair who has amassed a fortune of over than €5.6bn, according to Forbes. That's how old Sandra Ortega Mera was when her mother (Amancio Ortega's first wife, with whom he founded Zara parent company Inditex) died unexpectedly of a stroke during a holiday in Menorca. Inditex joined the mass exodus of companies out of Russia, saying in a statement earlier this month that: “In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its activity”.Īccording to Reuters, Russia represented around 8.5 per cent of the corporation’s total earnings before interest and tax, and the exit could cause pain for the company just as Ms Ortega takes the reins.The anonymity of the richest woman in Spain lasted 45 years. It also presented her as being almost single-handedly responsible for Zara’s unicorn-like ability to blend high fashion with attainable prices.īut since then, the global economy has taken a battering in the wake of Russia’s invasion of Ukraine, which saw Inditex shutter more than 500 Russian stores and cut off access to online sales for Russian consumers. However, those concerns could be unfounded, with a Wall Street journal interview from last August depicting Ms Ortega as the brand’s secret weapon and revealing her ambitious plans for Zara’s future. It also sparked a flurry of criticism from a string of experts, who claimed it was bad news for the conglomerate, which is the biggest fashion retailer on the planet with more than 6500 shops scattered across the globe. Ms Ortega was named as Pablo Isla’s successor late last year. ![]()
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