Transcript
Introduction
Matt
This is Matt Reustle, and today we are covering the world of fast fashion and breaking down Inditex. If you don't know the name Inditex, you certainly know Zara, the core business inside Inditex. My guest, Alistair Wittet, recently launched Aecus Partners, an equity boutique specializing in European and global equities, and he has followed Inditex for decades.
He gets into how this company pivoted their business over the years from the initial store expansion, the e-commerce evolution, and what has allowed Inditex to succeed where other fast fashion peers have really struggled over the years. Now, personally, I love hearing about a business that is powered by its supply chain and how this vertical integration has been core to Inditex's DNA from day one stands out.
We also get into decentralized decision-making at the store level, and Alistair was kind enough to do some channel checking at the store prior to our recording. There are so many interesting themes here: success in no-growth industries, the power of thoughtful vertical integration, decentralized decision-making, corporate pivots. Alistair captures it all.