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From fashion to films - ex-Zara boss Isla starts production company

MADRID (Reuters) - Former chief executive of textile giant Inditex (BME:ITX), Pablo Isla, has started his own film production company, saying in a statement on Friday that he...
From fashion to films - ex-Zara boss Isla starts production company © Reuters. FILE PHOTO: Former Inditex Chairman Pablo Isla attends a news conference at a Zara factory, the headquarters of Inditex group, in Arteixo, near A Coruna, Spain, March 16, 2022. REUTERS/Miguel Vidal

MADRID (Reuters) - Former chief executive of textile giant Inditex (BME:ITX), Pablo Isla, has started his own film production company, saying in a statement on Friday that he hoped to use his "deep passion for film" and business experience to advance Spain's movie industry.

Isla stepped down from the owner of the global fashion brand Zara in April after more than a decade leading the company's global expansion, passing the torch to Marta Ortega, the daughter of Inditex owner Amancio Ortega, who took over as non-executive chairwoman.

"I intend to contribute my business experience to the audiovisual world and, based on my deep passion for film, help the development of the thriving Spanish audiovisual industry," Isla wrote in the statement issued by the new company, Fonte Films.

Founded by Isla alongside Goya Award winning producer Carla Perez de Albeniz and lawyer Maria Jesus Roman, it aims to "develop projects with top technical quality for a global audience and promote new forms of audiovisual expression".

Following his departure from Inditex in April, Isla has remained a member of the board of Nestlé, joined U.S. private equity firm General Atlantic as a global senior adviser, and became advisory board chairman at Spain's IE University.

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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