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Top related persons:
Albert Alberich - 1 Inditex - 1 Dijana Lind - 1 Hugo Boss - 1 Lind - 1 Moda - 1 Aissatou Boukoum - 1 Mauro Scalia - 1
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Search resuls for: "EURATEX"


3 mentions found


☆ Fast fashion firms prepare for EU crackdown on waste mountain
  + stars: | 2023-09-01 | by ( Corina Pons Helen Reid | Corina Pons | Helen Reid | ) www.reuters.com   time to read: +10 min
"Increasingly we are going to turn used clothes into raw material from Europe for fashion companies." Also in Spain, rivals including H&M, Mango and Inditex have created a non-profit association to manage clothing waste, responding to an EU law requiring member states to separate textiles from other waste from January 2025. OBSTACLESThe obstacles to significantly reducing clothing waste are formidable, despite the EU crackdown, industry sustainability commitments and initiatives like the Moda Re expansion. Adidas (ADSGn.DE), Bestseller, and H&M (HMb.ST) have invested in Finnish start-up Infinited Fiber Company, which manufactures fibre out of textile waste, cardboard and paper. As in Spain, textile waste associations would be set up in each country.
Persons: Albert Alberich, Inditex, Dijana Lind, Hugo Boss, Lind, Moda, Aissatou Boukoum, Mauro Scalia, Corina Pons, Helen Reid, Horaci Garcia, Nacho, Frank Jack Daniel Our Organizations: BARCELONA, Moda, Caritas, Union, European Commission, Union Investment, Adidas, McKinsey, Reuters, EU, ReHubs, Moda Re, United Nations, Inditex, Puma, Infinited Fiber Company, Thomson Locations: Spain, Barcelona, Spanish, Europe, Zara, Bilbao, Valencia, EU, Frankfurt, ReHubs Europe, Mali, Sant, AFRICA, Cameroon, Ghana, Senegal, Africa, Senegalese, Germany, Texaid, Switzerland, Vestisolidale, Italy, France, EURATEX, Madrid, London, Nacho Doce
☆ Fashion Industry Gets Torn by Europe’s Soaring Energy Bills
  + stars: | 2022-10-18 | by ( Stacy Meichtry | Jenny Strasburg | Photographs Francesco Lastrucci For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
The energy crisis that has closed steel mills and aluminum smelters across Europe is now spreading to the continent’s fashion industry. Thousands of small factories and workshops that supply brands such as Gucci and H&M have watched their business models unravel amid the surge in natural-gas and electricity prices following Russia’s invasion of Ukraine and its decision to reduce the flow of gas to the continent. Energy costs for many textile makers have risen from about 5% of production costs to around 25%, slashing their profit margins, according to data from European textiles and apparel trade group Euratex.
☆ Energy Crisis Threatens to Unravel Europe’s Fashion Industry
  + stars: | 2022-10-18 | by ( Stacy Meichtry | Jenny Strasburg | Photographs Francesco Lastrucci For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
The energy crisis that has closed steel mills and aluminum smelters across Europe is now spreading to the continent’s fashion industry. Thousands of small factories and workshops that supply brands such as Gucci and H&M have watched their business models unravel amid the surge in natural-gas and electricity prices following Russia’s invasion of Ukraine and its decision to reduce the flow of gas to the continent. Energy costs for many textile makers have risen from about 5% of production costs to around 25%, slashing their profit margins, according to data from European textiles and apparel trade group Euratex.
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