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BusinessFeatured

Global brands commit to forest-friendly supply chains

Fashion companies including H&M, Inditex, Stella McCartney, and Kering, have announced a collective commitment to purchase over half a million tonnes of low-carbon, low-footprint alternative fibres for fashion textiles and paper packaging. Spearheaded by environmental non-profit Canopy at COP27, each signatory company has committed to purchasing...

Nov 14, 2022

BusinessFeatured

Zara launches resale offer in UK

Spanish retailer Zara has officially stepped into the resale market as it revealed plans to launch its own pre-owned platform in the UK. Set for unveiling on November 3, ‘Zara Pre-Owned’ will be integrated through Zara’s physical stores, its e-commerce site and its mobile app. Through the platform, customers will be able to resell their Zara...

Oct 21, 2022

Business

Inditex and IndustriAll extend agreement to protect garment workers

Fifteen years ago, Spanish fashion company Inditex entered into an agreement with the global union federation IndustriAll to improve the working conditions of workers along its supply chain. According to the two partners, three million workers worldwide have benefited from their Global Framework Agreement (GFA) since. To celebrate the milestone,...

Oct 10, 2022

ManagementFeatured

Zara owner Inditex posts sales and profit growth

In the first half of 2022, Inditex sales reached 14.8 billion euros, up 24.5 percent versus the same period of 2021. Sales in constant currencies grew 25 percent. The company said in a statement that sales were positive in all key geographical areas. Commenting on the company’s performance, Oscar García Maceiras, Inditex CEO said: “The results...

Sep 14, 2022

Business

Inditex named as partner of plastic recycling project WhiteCycle

Inditex, owner of fast fashion retailers Zara and Bershka, has been named as the sole cross-sector partner of recently launched plastic recycling project WhiteCycle. The initiative, coordinated by Michelin, looks to develop a circular solution to convert complex waste from textiles made of plastic into “high added value” products. The four-year...

Aug 30, 2022

Business

Circular textile company Circ secures funding with backing from Inditex

A circular fashion company has announced it has closed a 30 million dollar Series B funding round, with backing from big name industry leaders, including Inditex. Circ, a tech company that powers patented textile recycling processes, said the new investment will help it to drive progress, building on its mission of protecting the planet from...

Jul 12, 2022

BusinessFeatured

Bershka, Pull&Bear and Stradivarius close Tmall stores and exit China

Bershka, Pull&Bear and Stradivarius have decided to close up shop in China as their owner Inditex continues to make adaptations to its business model. According to a statement provided to FashionUnited from Inditex, the three fast fashion chains will cease to operate online activity in the region, including through platforms such as Alibaba’s...

Jul 5, 2022

ManagementFeatured

Zara owner Inditex reports strong Q1 sales, profit growth

Spanish fashion giant Inditex has reported a surge in sales and net profit in the first quarter of the year. The group, whose portfolio includes brands Zara, Massimo Dutti, and Pull & Bear, posted a 36 percent year-on-year increase in sales to 6.7 billion euros in the three months to April 30. Inditex said its spring-summer collections have been...

Jun 8, 2022

Business

Inditex signs 100 million euro supply deal with Infinited Fiber Company

Zara owner Inditex has revealed a new partnership with circular textile firm Infinited Fiber Company in a supply deal valued at more than 100 million euros. The three-year arrangement will see Inditex buy 30 percent of the organisation’s annual future production volume of Infinna, a fibre made from 100 percent textile waste. The deal falls in...

May 13, 2022

Fashion Featured

Zara Woman launches collection for “outdoor” activities

Zara, the main chain of Spanish fashion giant Inditex strengthens its position in the growing and highly resilient sportswear sector with the launch of its first sports collection for women. A collection targeted at outdoor activities, designed especially for the practice of high-impact outdoor sports such as cycling or climbing. With the aim of...

May 9, 2022

ManagementFeatured

New era for Zara: Ortega Ortega takes the helm

Marta Ortega on Friday took the reins of Zara-owner Inditex, the group founded by her father, and faces an immediate challenge after the fashion giant temporarily closed shops in Russia, its second biggest market. With neither fanfare nor ceremony, the 38-year-old daughter of multibillionaire Amancio Ortega took over the world's biggest fashion...

Apr 1, 2022

ManagementFeatured

Zara owner Inditex almost triples FY net profit

Fashion giant Inditex has almost tripled its full-year net profit in fiscal 2021 as sales surpassed pre-pandemic levels. The group, which owns brands Zara, Massimo Dutti and Pull & Bear, reported net income of 3.2 billion euros in the year to January 31, an increase of 193 percent compared to the prior year. Net sales came in at 27.7 billion...

Mar 16, 2022