The Spanish fashionable brand, that comprehend brands like Zara, Massimo Dutti, Stradivarius or Pull&Bear among others continuous betting by the sustainability. The giant textile Spanish property of Amancio Ortega has participated by means of the investment of capital in Circ, a start up industrial of textile recycling, with his headquarters in United States. This company
The start-up North American has confirmed that the total figure of the finance has closed finally in 30 million dollars, but in this operation, in addition to Inditex have participated other companies like Milliken&Company and the group of international investment Lansdowne Partners, led especially by the group founded by Bill Gates Breakthrough Energy Ventures. ´In spite of knowing the total figure, desconoce the quantity contributed by part of Inditex, but admits that it has been "a significant backrest".
The startup Circ offers a technology disruptive of recycling that manufactures new pieces from undone textile and like this try brake the use of new resources. Created in 2010 his activity bases in the chemical recycling of fibres combined of polyester and cotton, target aim for 2030 recycle 10.000 million pieces.
This new action by part of the group Inditex is included in his strategy Sustainability Innovation Hub, the platform of open innovation of Inditex that looks for to promote technologies disriptuves of way collaborative. From Inditex value positively his incorporation in Circ: "Our entrance in the capital of Circ goes to facilitate to this company that his process can win industrial scale and that all the sector can benefit" has explained Óscar García Maceiras, adviser delegated of the textile group Spanish.
In the last month of May, Inditex gave to know another action in which it looked for the sustainability in the sector of the fashion with which engaged to invest 100 million euros in the textile regeneration by means of Infinited Fiber Company, in 2024, with the aim to advance to sustainable and circular solutions.