UNIQLO founder and chairman Tadashi Yanai — Japan’s wealthiest man — who runs one of the world’s largest apparel retail company Fast Retailing Group said the company has made significant investments in India ahead of the brand’s maiden store launch in the country on Friday.
Sustainability is the fashion industry’s latest trend. Brands, retailers and designers are pledging their hearts to the environment and to protecting their workforces, and yet the industry remains the second largest polluter in the world. The horrendous working conditions and illegally low wages at Boohoo’s factories have not stopped the company’s profits from growing, or consumers wanting their fast fashion.
Inditex starts closing the loop. Zara, the biggest chain of the Spanish giant by revenue, has launched its first line Denim from Denim, of garments created from the cotton extracted from other used jeans.
The company stated that they recycled old garments to subtract cotton and reuse it to create new items. It’s the first collection of the brand using denim waste.
Spanish fashion retailer Zara has announced that 100 per cent of the cotton, linen and polyester used in its clothing will be more sustainable, organic or recycled by 2025.
Zara's holding group, Inditex – the world's third largest clothing company according to Forbes – made the sustainability pledge at its annual shareholders' meeting on 16 July.
The company stated that it will only use cotton, linen and polyester that is "organic, more sustainable or recycled", as one of a number of sustainable targets for the next six years.
"Sustainability is a never-ending task"
The apparel retailer said that the composition of inventory has improved, implying it will become easier to sell the garments.
Hennes & Mauritz AB surged after the struggling Swedish clothing retailer showed progress coping with a buildup of unsold garments, raising hopes that the worst may be over after a three-year slump in earnings.
Inventory dropped slightly as a proportion of sales, easing to 18.2% at the end of May from a record 18.9% as of last August, H&M said Thursday. CEO Karl-Johan Persson said H&M still aims to boost operating profit this year.
Trent views trendiness as its main advantage over these competitors. To that end, it’s working to make its fast fashion supply chain even faster, said Tata.
For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focused as Zara — but at half the price.
Following the enormous success of its inaugural show this past spring, Apparel Textile Sourcing Miami (ATSM) – the largest apparel and textile sourcing show in the Southern U.S. and Latin America – has announced its return to Miami in 2019, double in size and bringing thousands of out-of-state and international visitors to the Magic City.
The Inditex fashion company includes retailers Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe. Blackstone put the Adelphi up for sale in April after completing full occupancy of the property in July 2017, when Japanese cosmetics company Shiseido Group took the remaining space.
Music-streaming service Spotify, publisher Condé Nast, financial magazine The Economist and public relations company Finsbury are also tenants.
Ethiopia’s competitiveness of the fashion industry is shaped by a number of factors, one of it,is brands that are globally valued and esteemed among other factors. The industry has a three trillion dollar annual sale value worldwide as the global apparel giants like PVH, H&M, Vanity Fair, Zara, among others, are taking part in revolutionizing Ethiopia's textile and apparel business, said Fitsum Arega, Commissioner of Ethiopian Investment Commission.
Inditex, a Spanish multinational clothing company to team up with Lenzing to commit to the circular economy model in all phases of its production. It will be focusing on creating premium textile raw materials from its fabric scraps, initially involving about 500 tons of textile waste.
The collaboration is meant to kick-start a clothing collection campaign as well as a reuse and recycling programme for discarded garments. The aim is to raise this to around 3 000 tons within a few years, said Inditex’s chairman and chief executive Pablo Isla.
