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Co-Founder Of Zara Fashion Chain Dies In Hospital

posted 16 Aug 2013, 09:40 by Mpelembe   [ updated 16 Aug 2013, 09:41 ]

Rosalia Mera, who co-founded the Zara clothing shops, has died aged 69, the Spanish company that owns the fashion chain says.

LA CORUNASPAIN (AUGUST 15, 2013) (FORTA) -  The co-founder of Spanish retail giant Inditex, owner of fashion chain Zara, has died in hospital after suffering a brain haemorrhage on Thursday (August 15).

Rosalia Mera, ex-wife of Inditex's other founder Amancio Ortega, held almost 7 percent of the company and was Spain's richest woman, according to Forbes magazine.

Hospital officials declined to comment.

Mera had been transferred to San Rafael hospital in the northern city of La Corunaafter being taken gravely ill in Menorca, hospital sources told Reuters earlier.

The 69-year-old is not represented on Inditex's board.

Ortega, the group's former chairman, is still represented on the board but without executive functions. He holds a 59 percent stake in the company and is the world's third-richest man, according to Forbes.