Zara parent Inditex invests in textile waste company Circ

Textile waste continues to be a massive problem for the environment, and Inditex appears to be aware of that issue since one of its most popular brands Zara releases 500 new designs a week, according to Business of Fashion.

CEO Óscar García Maceiras said in a statement that this was Inditex’s first venture investment in a clean technology company, adding, “In partnership with Circ, we are committed to promoting the transformation of the entire fashion industry. We look forward to contributing our knowledge and corporate capabilities to Circ’s rapid success and achievement of industrial scale.” Read more at Retail Dive.