• Grandfather Marta Ortega gives birth to a girl, Matilda
  • Solidarity.The rich get their batteries and donate to the maximum

Amancio Ortega turns 84 today and blows out the candles confined at home like any good citizen. Of course, his is a more bearable enclosure: it is located in his mansion in the Coruñés neighborhood of El Parrote, with four floors and 3,000 square meters . He has not taken refuge in his pazo de Anceis, 42,000 and super garden, he has preferred to stay close to his people and is aware of everything.

Ortega thus celebrates one more year of life and that all his people are healthy, which is not a little. The magnate is a risk group and has not been to Arteixo for more than two weeks, like the rest of Inditex workers. The company took action against the coronavirus a week before the Sánchez government decreed the state of alarm and were among the first to promote telework.

Caesarean section

The tycoon was concerned about the birth of his last granddaughter, scheduled for today, but in the end he will not share a birthday with her because the delivery was advanced by prescription. Marta, the daughter of Amancio with Flora Pérez, gave birth to her daughter Matilda at the Quirón Hospital in La Coruña on Saturday 21 and is already happy at home with her baby. They scheduled a cesarean section to which only her husband, Charly Torretta, could accompany him. The maternity floor was almost empty for obvious reasons and they received no visitors. What's more, the couple asked their friends not to give the girl gifts, but to donate money to the city's hospitals.

For donations, the one that Ortega has made and is making to Spain at the height of the pandemic, with hundreds of deaths a day. The businessman, whose personal fortune exceeds 72,000 million euros (fortune that fluctuates much more than before according to the latest rebounds on the stock market), has put all the machinery of Inditex at the service of the Government to combat the health and economic crisis.

Logistics arm

"It is not about money, because it has already been and will be put more through the Amancio Ortega Foundation or the real estate investment company Pontegadea. The most useful thing at the moment is to provide Inditex's logistics capacity, to put the company at the service of the Ministry of Health ", maintains a nearby source.

Inditex's experience in purchasing, coordinating, supplying and distributing products from China is crucial. In data, two shipments were made last week: one of 10,000 protective masks and the other of 300,000 protective surgical masks. And this Monday two cargo planes landed in Zaragoza with another almost 1.5 million more masks and almost 5,000 disposable protective suits made in China. Material that is already being distributed by the company. Of course, they will donate more.

Inditex is not advertising these aids very little because, says our source, "considers that this is not the time to take out a breast and rather to focus on quickly bringing the material that the Spanish health authorities have indicated as most urgent: masks, gloves, protective glasses, hats, leggings and face shields. " In fact, they do not rule out making gowns or anything else that is needed in hospitals that they can make in Spain.

The ERTE

Ortega and his team have also decided to protect their workers . On March 18, Inditex announced that it would cover the cost of its entire workforce in Spain, made up of 50,000 employees, at least until April 15, and that it would present a preventive Temporary Regulation File (ERTE) for the 25,000 Store jobs that would fire only if the alarm state is prolonged. An ERTE that will not affect the employees of its logistics network, factories and central services. Likewise, it has chartered two planes to repatriate the 600 students with scholarships from the Amancio Ortega Foundation who were studying in the United States and Canada.

The objective of Inditex, with its 1,600 stores in Spain closed, is to preserve the employment of its extensive team. Company sources have stated that to carry this out, they were going to study "all the tools that the Executive has made available to companies, such as exemption from paying contributions to those who, instead of firing workers, take ERTEs "

Purse, Echenique and Dolera

As expected, Ortega has received criticism from those of always . The same ones who cried out against their millionaire donations to the health system to renew oncological equipment through their foundation have made themselves known on social networks. Among them, members of the Podemos circle such as Juan Carlos Monedero and Pablo Echenique, who have tweeted against "poorly done private charity . " Even the actress Leticia Dolera has spoken insinuating that Ortega does not pay taxes in Spain, receiving thousands of responses correcting her. In contrast, most Spaniards enthusiastically thank this help, also famous voices such as Dr. Cavadas and Jorge Javier Vázquez. There is even a formal request that the millionaire be awarded the Princess of Asturias Award for Concord .

Results

Inditex presented results at the beginning of the crisis in Spain. It closed a good year in 2019, with significant growth in sales and profit, but the coronavirus has upset its accounts and overshadows the forecasts for this 2020. The chain sold 8% more last year , up to 28,286 million, and its profit net grew 6% (3,639 million).

Pablo Isla also announced that, given the uncertainty of the moment, the decision on the amount of the dividend has been deferred until the council prior to the July general meeting of shareholders. The group plans to allocate all of this result to reserves.

According to the criteria of The Trust Project

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  • Stay at home
  • Inditex Group
  • Amancio Ortega Gaona

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