MADRID – Zara’s parent company, Inditex, has announced the launch of a €50m investment fund aimed at driving innovation in the textile industry. According to a report from Spanish outlet El Confidencial, which was later confirmed by Inditex to Reuters, the new fund will be managed by Mundi Ventures and is intended to support start-ups that focus on sustainable materials and technologies.
This initiative is said to align with Inditex’s broader environmental goals, including its pledge to reduce emissions across its supply chain by 50 per cent by 2030.
The company has already invested in U.S.-based firms like Circ, which specialises in textile recycling, and Galy, a start-up developing lab-grown cotton from plant cells.
Inditex has said it is committed to producing 25 per cent of its garments using innovative, “sustainable” fibres that are not yet available at an industrial scale, and this fund is a significant part of that effort.
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