Spain
Inditex reports strong performance
The owner of Zara continues to perform strongly. In the first nine months of 2023, its sales and profits grew by 11% and 33%, respectively, as compared to the same period of last year
Rosana Perán takes over as President of the European Footwear Confederation
The president of FICE and vice-president of the Pikolinos Group has become the first woman to lead the organisation, with a mission to promote “Industry 5.0” to transform the footwear sector
Inditex signs a three-year agreement to buy recycled polyester for 70 million euros
The owner of Zara, among others, will be collaborating with the material sciences company Ambercycle to help scale a textile made from post-industrial and post-consumer polyester waste
Inditex teams up with Maersk to reduce its maritime transport emissions
The fashion group has partnered with the freight group Maersk to reduce its GHG emissions from maritime logistics by incorporating alternative fuels into all its inbound routes with the carrier
Inditex and the International Apparel Federation join forces
The Spanish-based group and the International Apparel Federation have signed an agreement to drive a transformation in the global fashion industry in the fields of circularity, traceability and worker well-being
LVMH's Métiers d’Art acquires Spanish tannery Grupo Verdeveleno
The LVMH subsidiary designed to preserve the group's expertise in luxury raw materials and craftsmanship has acquired the Grupo Verdeveleno, a Spanish tannery specialising in exotic skins
Zara expands its pre-owned platform to France
After a successful rollout in the UK in October 2022, the fashion chain owned by the Spanish-based Inditex group has expanded its second-hand platform in France
Inditex profits soar by 40% in the first half
The Spanish-based fashion group, which owns, among others, Zara and Massimo Dutti, posted a strong performance in the first half of 2023, marked by significant growth in profits
Digital FabLab Project has successfully come to an end
Launched in 2021 to contribute the rapid transformation of digital education in the footwear industry, the Erasmus+ Digital FabLab Project, implemented by partners from several European countries, has officially ended
Spain: growth of footwear exports slows down
From January to April, Spanish footwear exports grew by 17.4% in volume and 2.3% in value, as compared to the same period of last year, reflecting a slowdown in growth, says FICE
Mango invests in virtual avatar creation start-up
The Spanish-based fashion retailer has announced that it is investing in Union Avatars, a digital identity platform that enables the development of avatars in different styles
Spanish footwear exports increase in the first quarter
In the first three months of 2023, Spanish footwear exports increased by 21% in value due to the impact of inflation, but remained below pre-pandemic levels in volume terms
Inditex posts sales and profit growth
The Spanish-based fashion group posted a sales and net income increase of 13% and 54%, respectively, in the first quarter of 2023, as compared to the same period of last year
Loewe opens first leather goods repair store
The Spanish luxury label has opened in Osaka (Japan) its first store entirely dedicated to the repair and maintenance of leather articles. A leather artisan will be in the store ready to repair and renew damaged products brought in
Inditex signs deal to support the expansion of regenerative agricultural systems
The Spanish-based fashion group has signed a 15 million euros agreement with Conservation International to support the expansion of its Regenerative Fund for Nature, launched jointly with Kering in 2021-
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