>> One of the world's richest men, Amancio Ortega, has taken steps to ensure that his family firm will not be split up after his death. I'm Sonya Dowsett in Madrid outside Zara, one of the biggest Zaras in the world that is due to open tomorrow. Amancio Ortega has put a majority stake in Inditex, the firm which own Zara, and his other brands, such as Massimo Dutti and Bershka.
He's put it into a holding company alongside around 6 billion euros worth of real estate, including this building you can see in the background. Amancio Ortega has got three children from two different marriages. This step he has taken to put his majority stake into a holding company means that the children will inherit chunks of this company, as opposed to chunks of the shares, which they could then sell down in the market, diluting the control of the company.
Other companies who have made moves like this include Armani and Rolex to avoid the fate of family owned companies like Cadbury's and Laura Ashley, whose family members sold out their stakes and moved further away from management. Meaning that family control of the company was eventually lost.