Shay Lee Hnetinka: The artist

I am Shay Lee Hnetinka from Comilla, Bangladesh. I have a keen interest in swimming and sewing. I am starting my blog so that I can share my designing, drawing, photography tricks and tips with you people. But also I want to write down about what my goals and hobbies because Shay Lee Hnetinka has huge goals, everyone. I love painting, drawing and have complete information about these fields at present.

Lee Hnetinka, Hnetinka, sewing, artist, hamptons, gawker

I am close to my family and my family always helped me through to follow my dreams. My future in Hamptons is going to be successful. Shay Lee Hnetinka is one of the most proficient designers of the world. I have a major goal to give people the most of the information I have. Being a blogger I can help people to understand my views on designing and photography on Gawker and Valleywag news minimum once in time.

Shay Lee Hnetinka can do its parents dream true by becoming the CEO of one of the good designing company. All the information I got and the attitude that I have and turn them into an inspiring collection sparkly the essence of my people.

Lee Hnetinka, Hnetinka, sewing, artist, hamptons, gawker

Lee Hnetinka highly trained to sew polyamide and elastane microfiber, silk, and cotton fabric have a great knowledge of this field. I m a fiber specialist and I understand the value of art and the skin needs. Being artistic I am practicing drawing and photography every day. Shay Lee Hnetinka is very humble and is known in Milan also.

Lee Hnetinka, Hnetinka, sewing, artist, hamptons, gawker

One day I will be known in NY Fashion Week. I understand the people and kids working in factories and I am against kids working in factories. Lee values art and you can follow me on my social sites also. I get my inspiration from several places and motivational people and to know more you can stay tuned with me. I will let you know about this later!

CEO Jeff Bezos Buys D.C. House, Once a Museum

Amazon founder and CEO Jeff Bezos is reportedly the buyer behind Washington, D.C.’s largest house, a two-building spread that used to house the city’s Textile Museum.

The Washington Post, which Mr. Bezos owns, attributed the news to a source with knowledge of the sale.

Combined, the two buildings add up to a massive, 27,000-square-foot property. The buildings sold Oct. 21 for $23 million to a buyer called The Cherry Revocable Trust, according to D.C. property records. CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

The two historic brick buildings on S Street in the posh neighborhood of Kalorama would put Mr. Bezos a few minutes’ walk from Ivanka Trump and her husband, senior Trump adviser Jared Kushner, who recently bought a new home on Tracy Place. Mr. Bezos is also a few blocks from a house the Obama family will occupy until their youngest daughter, Sasha, is finished with high school. She is currently a sophomore at Sidwell Friends.

Mr. Bezos, 53, has said in the past that he had no plans to move to the nation’s capital, despite buying the city’s iconic newspaper. But the new home offers more than enough space to entertain while he’s there.

While extensive renovations are required to turn the long-time museum into a residential home, the combined buildings offer a total of 10 bedrooms, 14 bathrooms and 11 fireplaces, according to a listing with Coldwell Banker Residential Brokerage.

Both buildings date back to the early 20th century. American forester and textile collector George Hewitt Myers built one of the buildings, known as the Myers House, in 1912, hiring Jefferson Memorial architect John Russell Pope to design the home, according to the National Register of Historic Places.

Meanwhile, Myers was accumulating a variety rugs and other textiles from Eastern Asia, the Middle East and North Africa. To accommodate his growing collection, he eventually bought the house next door, known as the Tucker House, and turned it into a private museum.

CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

Architecturally, the two buildings, both on the National Register of Historic Places, are an eclectic mixture of Georgian Revival and Beaux-Arts styles. A limestone-faced bridge connects the two buildings.

The Textile Museum operated out of the buildings for many decades after Myers’s death, but in 2013 moved to George Washington University’s Foggy Bottom campus.

The two buildings were packaged as one property and put on the market in June 2013 with Coldwell Banker.

The property sold in 2015 for $19 million, according to the former listing, but returned to the market a year later for $22 million—meaning Mr. Bezos paid $1 million above asking price.

An email seeking comment from Mr. Bezos via Amazon was not immediately returned.

Text extracted from:https://www.mansionglobal.com/es/articles/51171-amazon-ceo-jeff-bezos-buys-d-c-house-once-a-museum

 

Handloom brand Tantuja forays into US market through Amazon.

Handloom products brand Tantuja produced by the West Bengal State Handloom Weavers’ Cooperative Society, which was earlier available only on Amazon India, will now also, be available in the US market through Amazon’s Global Selling Program. This association will help the society to tap a wider customer base with a huge demand for traditional Indian products.CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

West Bengal is known for the rich tradition of handloom weaving. Jamdani, Tangail, Baluchari and Daccai are some of the most popular heritage handloom saris from West Bengal.

Amazon India has launched an impressive selection of products across categories with brands such as Biba, Fab India, Himalaya Amul, and 24 Mantra Organic to name a few.

Through its Global Selling Program, Amazon offers end-to-end product solutions by enhancing seller enrolment services like imaging, logistics, and helping them connect with the right advisors to get assistance on tax and remittance matters. (AR)

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

Text extracted from : http://www.fibre2fashion.com/news/textile-news/handloom-brand-tantuja-forays-into-us-market-through-amazon-205324-newsdetails.htm

ELIZA GATFIELD’S CUSTOM COOL TEXTILES.

I love that people have to wait to get what they want because that means they’re going to get exactly what they want,” says Eliza Gatfield, founder, CEO, and design director of Custom Cool in Quogue. “We provide a lot of attention, and our customers really appreciate it.”

That’s putting it mildly. Gatfield presides over a group of like-minded creatives who share her passion for bringing “beautiful, ethically made products” to the Hamptons (and beyond) that are truly unique, decidedly luxurious, and undeniably cool. After studying architecture and fine arts at the Rhode Island School of Design and textiles at Central Saint Martins in London, Gatfield felt the spark to push the boundaries of designs for the home. Living in and traveling throughout Southeast Asia for several years, Gatfield was also able to gain practical knowledge of rug making. Finally, she could not only conceive her visionary designs but also have them expertly executed, as well. Custom Cool was born.CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

“Our rugs are handmade and take a phenomenal amount of time—it’s an expensive and arduous process,” Gatfield says. “They’re a commodity in themselves, and that’s why people traded rugs years ago…. They bartered and paid for things with rugs; they were like money.” Unfortunately, too many designers and manufacturers try to save some of that money by exploiting overseas child labor, and that’s why Gatfield is so passionate about her long-standing relationship with GoodWeave, an organization dedicated to ending child labor in the industry. “My goal is to raise awareness about how important it is that everything we do is fair trade—it’s a fundamental principle to me,” she asserts. “Custom Cool’s rugs and textiles possess a beauty that is both external and innate. We make things that are not just beautiful but also are made with a nod to human dignity and sustainability.”

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

After years of working out of her dining room and developing her textiles, Gatfield is now celebrating five years in business and one year in her breezy Quogue studio. “For a lot of my clients, they’re often surprised that we’re here,” Gatfield confesses. “We’re a very new company—not just in how long we’ve been in business, but the way we do business. We want to open up the process of design to people who aren’t professionals. We absolutely love that!” Gatfield’s approach and her Hamptons home base are an ideal match. As Gatfield puts it, “Here, you get both the beach culture and sophisticated clients who are interested in cutting-edge design and ideas. I’m inspired by the relaxed environment of the Hamptons and also the proximity to New York City. My clients understand that the perfect rug serves an incredible purpose—it can connect various design elements and completely transform the way a space looks. It can define a room.” 44 Quogue St., Quogue, 996-2900

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

Text extracted from : https://hamptons-magazine.com/eliza-gatfield-custom-cool-textiles

St. Frank Making Its Presence Felt On The East Coast With Hamptons Pop-Up.

Furnishing your Hamptons abode just got a little easier thanks to the inaugural St. Frank East Coast pop-up shop, which premiered over Memorial Day weekend.

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

The mission-driven artisanal textile and home décor company teamed up with interior design firm SWAYSTUDIO to transform their new Hamptons store into a chic, visually pleasing experience that was inspired by an eclectically decorated St. Frank Hamptons home. Location on Main Street in East Hampton, the space is divided into distinct living, dining, library, and bedroom spaces that highlight St. Frank’s Tree of Life and Kuba Cloth wallpaper, as well as extraordinary vintage furniture, the brand’s signature art and textiles, soft goods, and gifts. The Hamptons pop-up will also offer exclusive in-store-only products like collaborations with Rachelle Hruska of Lingua Franca and custom Gary Linden x St. Frank surfboards featuring the brand’s signature prints.

As with St. Frank’s online presence, the brand’s San Francisco store and Los Angeles and Palo Alto pop-ups, the East Hampton store will embrace ethical home luxury for the modern bohemian by presenting a carefully curated collection of globally-inspired items that were handmade by artisans from around the world.

“The New York Community – customers, press, and the trade – were early adopters of our work,” noted Founder and CEO Christina Bryant. “I am thrilled to debut the first St. Frank East Coast footprint with this pop up store in the Hamptons to meet and connect with our collectors here and invite them into the St. Frank home and lifestyle.”

Throughout the summer, St. Frank will present several exciting events, like live custom painting on accessories with Ashley Begley, book signings, and more.

For those who find themselves stuck on at home inspiration, complimentary personal shopping services will be available, as will free shipping on orders over $100.

The East Hampton pop-up will be open seven days a week from Friday, May 26 through Monday, September 4. Once the summer pop-up has closed its doors, St. Frank will be moving to New York City in the fall.

Text extracted from : http://www.hamptons.com/Lifestyle/Shopping/23385/St.-Frank-Making-Its-Presence-Felt-On-The-East.html#.Wdvr8WjWyM8

In His Native Venice, Donghia CEO Andrea Rubelli and His Family Practice the Art of Living in an Ancient Palazzo Near the Grand Canal.

WHEN YOU DESCEND FROM A FAMILY WHOSE NAME HAS BEEN IDENTIFIED WITH LUXURY VENETIAN SILKS, VELVETS, AND DAMASKS FOR FIVE GENERATIONS, where else would you live but in one of the exotic floating city’s most venerable palazzi? And so it is with Andrea Rubelli, who resides with his wife, Sandrina, and their son, Leonardo, in a building near the Grand Canal that was old before Columbus arrived in the Americas.

“The style is early Gothic,” says Andrea, who runs the historic Rubelli firm alongside his father, Alessandro, and one of his two brothers, Nicolò Rubelli. “Our architect estimates that it was built in the 14th century, probably around 1370.” Even more remarkable is that many of the home’s architectural elements—from the façade, with its galleries of arched windows, to the ceiling beams and terrazzo floors—are original.

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

The Rubellis’ palazzo has been in the family since great-great-grandfather Lorenzo inherited it from his second wife. The Rubelli home, like the company he runs, Andrea says, weaves “the warp of tradition with the weft of innovation,” especially since Rubelli acquired Donghia, the American furniture, textile, and lighting company, in 2005.

Predictably enough, the 650-year-old building has undergone some changes over the years, many of them after a fire claimed its top floor in the 1950s. Since the 1990s, the upper two levels have been transformed during a series of three renovations into two duplex apartments. Andrea, Sandrina, and Leonardo live in one, and Andrea’s sister, Matilde, and her family live in the other.

While renovating is often a challenge even in the average Manhattan co-op, nothing matches a remodel in a building that was purposely built “off plumb” by medieval architects who understood that a structure standing on wooden stilts in water needed to be flexible to survive. “A room in a Venetian palazzo can be ten inches off from one side to another,” says Andrea, “which means you don’t even bother to take measurements—they can change between the time you take them and when you are ready to do the work. Everything has to be custom in a Venetian renovation, and everything has to be made on site.”CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

Despite the many recent revisions, the palazzo retains its original, and typical, comportment of rooms. An arrival hall lies on the ground, or water level, replete with original 14th-century pavers. It’s home to a “new” staircase, which in Venetian terms “means that it dates from the Renaissance,” Sandrina says. This entryway also doubles as the home to the family’s lagoon craft: Andrea’s pride and joy, a custom-built racing puparin and a smaller mascareta.

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

Immediately above is the floor known as the piano nobile, or “noble floor” in English. “In the old days,” explains Sandrina, who comes from Quercianella, a small seaside town south of Pisa, “these palazzi were used for business as well as residences. Traders would bring their wares into the entry hall, and if the merchant owner of the home was impressed, he would invite the trader upstairs into the public reception rooms.” The 21st-century Rubellis use the so-called state apartments in the palazzo for business, charity, and personal events—including their own wedding reception.

Above the formal piano nobile are two floors of private apartments and a roof deck with views of the bell tower of the 600-year-old Santo Stefano church. It also offers a glimpse of La Fenice opera house, for which the Rubelli firm provided the wall fabrics both for the 1837 reconstruction and the restoration that followed the devastating 1996 fire. (The Rubelli textile archive, housed in another Renaissance Venetian landmark, the Palazzo Corner Spinelli, is open to the public by appointment.)

“When we were decorating our home,” says Sandrina, “we kept to certain themes. One, of course, is the sea. And another is the great cultural life that the city has known throughout its history. Also, I love books, so I put bookshelves in every room. At the entry to the private apartments, there’s even a closet with bookshelf-print paper by Brunschwig & Fils. It was a wedding gift from my brother-in-law Nicolò.”

The Rubellis furnished the palazzo with family antiques dating back centuries, as well as an art collection that ranges from the Renaissance to the 20th century. A key piece is an odd little chair that sits at the foot of the stairs to the family’s private quarters. “I found it on a trip to Portugal,” says Sandrina. “We were traveling between Lisbon and Sintra, and I had to stop and go for a walk in the woods to see where Lord Byron used to ride his horses. And right in the middle of the woods was an antiques shop with this curious little chair. It is a cello player’s chair from the 1700s, and when the dealer acquired it, it had been covered in a Rubelli fabric. I took it home on the plane as carry-on luggage because I wasn’t about to let it out of my sight.”

Most of the fabrics in the palazzo are by Rubelli, and a few others by Donghia, like the deep-magenta striped draperies in the piano nobile sitting room. The “tablecloth” in that room is a section of the stage curtain Rubelli made for the restoration of the Bolshoi Theatre in Moscow. Made of silk and 24-karat gold thread, the entire finished curtain weighed some 30 tons.

Donghia fabric makes its appearance on the chairs in the red dining library, as the Rubellis call it. “It was supposed to be a straightforward dining room, but I couldn’t resist making it into a dual-purpose space,” says Sandrina. Both the chairs and the Donghia table were once in the Rubellis’ Manhattan apartment, but the table reminded Sandrina of the hull of a boat, so off to Venice it was shipped.

The native Italians actually met in New York City. Sandrina was on her way to a party on the top floor of a building and found herself stuck between floors in a tiny elevator with another woman. After 45 minutes trapped together—a nightmare for the claustrophobic Sandrina—the woman, who turned out to be the wife of Andrea’s best friend, said, “I have to introduce you to a friend of my husband.” The rest is Tuscan/Venetian amore.

Much of the decor, in fact, was chosen with a “Tuscany meets Venice” marriage in mind. The tablecloth on the roof terrace is “a typical linen from Tuscany,” says Sandrina, and the terra-cotta planters are Tuscan, too. “They’ve been making them in the same factory since the time of the Medicis,” adds Andrea.

“When I was deciding on colors,” says Sandrina, “I was thinking of the green of olive oil and the gold of the sunset.” Those colors are realized throughout the palazzo in rich Rubelli fabrics, like the gold silk on the walls, designed by Giò Ponti in the 1930s.

“It’s amazing, as you start to open up floors and walls, what you can see and learn about life in Venice over the centuries,” says Andrea, who did the upholstery in all the rooms. That means the water, too, and there’s no doubt that his prized possession is his custom-built mahogany puparin. “It’s not a gondola, as some people might think,” he instructs, “but another kind of Venetian boat. If a gondola is a Rolls-Royce, then the puparin is a Ferrari. It’s built for speed. I took the dimensions of the room, the front door, and the little plaza in front of the building and said to the designer [Venetian rowing champion Franco Crea], “Just make it fit.”

Sandrina’s favorite piece is the 18th-century secretary in the reading room. “It’s Tuscan,” she explains, “from Livorno, but inside the top of the desk is a model of a very Venetian Palladian house. It symbolizes our relationship and what I have tried to make our home into, a combination of my Tuscan roots and the Venice I have come to think of as my adopted home.”

“Interestingly,” Andrea points out, “the name of our palazzo is Pisani Rubelli. Pisani was a Venetian family who built our home, plus many other palazzi in Venice. They were originally from Pisa. It’s such a coincidence that Sandrina, who grew up near Pisa, came to live in it.”

“I am a lot more Venetian since coming to live here,” Sandrina confirms. “And,” her husband responds, “I am a lot more Tuscan.”

Text extracted from:http://www.cottages-gardens.com/New-York-Cottages-Gardens/January-2015/Venice-House-Tour-Grand-Canal-Donghia-CEO-Andrea-Rubelli/

L.A. Brand Chaser Expands With East Hampton Store.

Los Angelescontemporary line Chaser has made its way to the East Coast with a second store.

The brand — known for its extra soft, vintage-inspired rock T-shirts across men, women and kids — now sits on both coasts with the opening of its store on Main Street in East Hampton, N.Y. CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

“The Hamptons is one of the most gorgeous places in the whole of America. We felt it represented what the brand is about,” said owner and founder Hadi Salem. “East Hampton, for us, it felt like it was the right demographic for the brand and we thought we could do business there. In a world where not many people are opening stores, we thought, ‘OK, let’s take a chance.’”

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

Chaser, seen as embodying an effortless chic that has come to define many of the brands coming out of the Los Angeles area, is sold in about 800 U.S. boutiques and department stores, including Ron RobinsonFred SegalAmerican RagRevolveNordstrom and Bloomingdale’s. What has set Chaser apart is its rock ‘n’ roll edge with tanks and deconstructed T-shirts featuring the Dead Kennedys, The Who and AC/DC.

Chaser has a lease on the East Hampton door, totaling about 1,400 square feet of selling space, through October but could make the stay more permanent depending on how the business fares, Salem said.

New York is just one of several markets where the brand does well, with Salem reporting sales consistent throughout the U.S.

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

The East Hampton opening comes just ahead of the two-year anniversary of the company’s first store on Robertson Boulevard, a door Salem said is still seeing good business. Salem, a fan of brick-and-mortar, wouldn’t be opposed to more stores in the future but that push would have to be supported by the right market fundamentals and also be in markets where the brand does not already have a large wholesale business. East Hampton is an example of a location that fit that bill, he said.

“I personally like brick-and-mortar. I think it gives us a real opportunity to engage with the customer. Obviously, you have to do it in conjunction with online,” Salem said. “The soft hand that we have can really impact customers in a store and it’s more difficult to do that online. That said, the lease rates have to come down to reality.…We have to be able to open a store, not purely for branding’s sake, but for money’s sake as well.”

 

Text extracted from : http://wwd.com/fashion-news/fashion-scoops/los-angeles-brand-chaser-expands-with-east-hampton-store-10921624-10921624/

Helen Alexander, former CEO of The Economist Group, died on August 5th.

ROLE models for women in business are still too rare, not least in Britain. Last November an independent review backed by the government urged FTSE 100 companies to raise the share of women on their boards from 27% to 33% by 2020. Sadly, that push this week lost one of its leading champions, Helen Alexander, the deputy chair of the review.

Business had no better ambassador. She was self-effacing but a world-class networker—a winning combination that helps explain, along with her intelligence and charm, why all sorts of firms wanted her on their board (from Northern Foods to Centrica, Rolls-Royce and the British arm of Huawei), to advise them (Bain Capital) or to chair them (the Port of London Authority and, more recently, UBM, an events business). In 2009 she became the first woman to be president of the Confederation of British Industry, the country’s main employers’ group. CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

But Helen had built her reputation in the media industry. From 1997 to 2008 she was chief executive of The Economist Group (the publisher of this newspaper), the company she joined as a marketing executive in 1985. During her tenure, profits soared and The Economist’s circulation more than doubled, to 1.3m.

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

Her success owed much to a leadership style that lacked fireworks and did not seek fame, but deserved more recognition, for both its humanity and effectiveness. Helen relied on a quiet wisdom: listening, not lecturing. No name was ever forgotten, no thoughtful personal gesture was too small. For all the fashionable fascination with big strategy, she was unerringly sensible and, where need be, decisive: nothing foolish would happen on her watch. She treated her colleagues with respect, set an example of discipline and solid values (the diary always cleared time for family), and in return inspired confidence. “You can trust Helen completely,” was the word from one Economist editor to his successor.

Although she could seem quintessentially British (St Paul’s Girls’ School, Oxford University), she was also thoroughly global. She loved travelling to the Olympic games, where the world came together in good-spirited competition. Her mother was Russian (with roots in Estonia), her grandmother had been Maxim Gorky’s lover; Helen’s MBA was from INSEAD in France and she was a stalwart of an annual Franco-British gathering called the Colloque. France awarded her the Légion d’Honneur in November 2015.

At her acceptance speech at the French embassy in London, delivered in flawless French, her one pause to collect herself came when thanking her husband and three children for their support in her battle against cancer, which had been diagnosed about a year earlier. Helen approached that struggle as she did all else: head on, admirably, a class act.

Text extracted from : https://www.economist.com/news/business-and-finance/21725895-helens-humanity-intelligence-and-charm-will-be-missed-she-was-60-dame-helen-alexander

The management style of Amancio Ortega.

IT IS a short walk from a tiny shop with peeling yellow paint in downtown La Coruña, in northern Spain, to a dazzling five-storey store, opened in September by Zara, by far the world’s most successful purveyor of “fast fashion”. In this stroll across three city blocks, the career of Amancio Ortega unfolds: from teenaged apprentice in the corner shop, Gala, a men’s clothing business, to Europe’s richest entrepreneur, the majority owner of one of its best-performing firms.CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

According to one employee of Zara who works with him, “the true story of Amancio Ortega has not been told.” Mr Ortega, the son of an itinerant railway worker, who started at the corner shop aged 13, had a basic upbringing: an ex-colleague says he talks of meals of “only potatoes”. He has lived mainly in Galicia, a relatively poor region with no history in textiles. Yet there, in 1975, he founded Zara—a manufacturer-cum-retailer that, along with its sister brands, has over 7,000 shops globally.

Mr Ortega (pictured) is now 80 but he remains energetic and involved in the business (if uninterested in wearing trendy clothes). He owns nearly 60% of Inditex, the holding company of Zara and the other chains, which is worth some €100bn ($106bn). According to Forbes magazine, in September his total assets, of nearly $80bn including his properties and other holdings, briefly surpassed those of Bill Gates.

The manner in which he rose does not fit the usual template. His lack of formal education has profoundly affected his management style. Those close to him confirm that he does read—novels and newspapers—but he is reportedly ill-at-ease with writing at length. He has never had his own office, desk or desktop computer, preferring to direct his firm while standing with colleagues in a design room of Zara Woman, the flagship line. One former long-term CEO of Inditex, and Mr Ortega’s business partner for 31 years, José María Castellano, says that his ex-boss’s working method is to discuss things intensely with small groups, delegate paperwork, listen hard to others and prefer oral over written communication.

This preference for close personal interaction may even have helped him concoct the formula behind Zara’s success. At a time when the fashion industry mostly outsourced production to China and other low-wage countries (as it still does), Mr Ortega decided to keep most manufacturing close to home. Some 55% happens in Spain, Portugal and Morocco—near the firm’s main markets. That in turn allows twice-weekly deliveries of small but up-to-the-minute fashion collections to every store. Inditex’s share price has soared tenfold since its flotation in 2001, outstripping rivals such as Gap and H&M.

Lee Hnetinka, CEO, Amazon, Valleywag, Hamptons, Gawker, WunWun

His leadership style appears to favour extreme introversion. A video from a surprise 80th birthday party in March shows him tearful and backing off from assembled staff. He almost never speaks in public nor accepts national honours—aside from a “workers’ medal” in 2002. Colleagues say he resented a rare biography of him, from 2008, by a fashion journalist, Covadonga O’Shea. So few photos existed of him pre-flotation that investors who visited awkwardly confused him with other staff. But that low profile means there is room for other top executives to shine. Inditex’s chairman and CEO, Pablo Isla, has run things since 2011, yet Mr Ortega shows up to work every day. In many firms a professional manager might chafe against the presence of a revered founder, but there are no such reports at Inditex.

In one respect at least, Mr Ortega is more typical of European billionaires. Like other rich recluses—such as Ingvar Kamprad, the Swedish founder of the IKEA furniture chain—he goes in for only limited philanthropy. He pays for 500 annual scholarships for Spanish students in America and Canada and gives to Catholic charities and for emergency relief. Larger-scale philanthropy would bring unwanted publicity. Like others in southern Europe, he may also be wary of inviting political attacks, such as when Pablo Iglesias, of the left-leaning Podemos party, insinuated during a lament about inequality that Mr Ortega was a “terrorist”.

The managers of his wealth, which grows by some €1bn a year, say they are now scrambling to have slightly less dependence on Inditex, in line with normal investing principles—a difficult task because Mr Ortega only wants property, an investment “he can touch” but which is time-consuming to buy and manage. This month he spent $517m on Florida’s largest office tower, the Southeast Financial Centre in Miami.

Most of his income is still from Inditex dividends. On December 14th the firm reported results that, once again, met high expectations in financial markets. The numbers will have doubtless gratified the limelight-loathing Mr Ortega, who is said in private to chide others to admire his company, not himself.

 Text extracted from:https://www.economist.com/news/business/21711948-founder-inditex-has-become-worlds-second-richest-man-management-style-amancio

Shay Lee Hnetinka

 

shay lee hnetinka

My family has though me to follow my dreams. One day I’ll be one of the most important designers of the world. My goal is to take all the knowledge I got and the talent that I have and turn them into an inspirational collection reflecting the essence of my people. Highly trained to sew polyamide/elastane microfiber, silk and cotton fabric, I will never work with polyester. I’m a fiber specialist because I value my art and the skin needs. CEO, Hamptons, Hnetinka, Valleywag, Gawker, WunWun, Amazon