Fashion conglomerate Inditex, owner of Zara, Pull&Bear and Massimo Dutti among others, is seeking to launch an investment fund dedicated to investing in start-ups and technology involved in making the fashion industry more climate friendly; however, this is unlikely to be enough to shift the firm's fast fashion status.
Mamta Valechha, equity research analyst at Quilter Cheviot, said "no decision" had been made regarding the size of the fund, and "Inditex could decide not to go ahead with it". The potential investment fund has been rumoured for several weeks, and Investment Week contacted Inditex for comment on the matter, but did not receive a response. "With that said, it is in line with recent investments made by the company," Valechha added. "Last year, Inditex joined a $30m funding round by textile recycler Circ, while it has also has reached a €100m deal to buy 30% of Finland-based Infinited...
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