Zara parent company Inditex has committed to purchasing €70 million worth of textile-to-textile recycled polyester material from Ambercycle. By launching items 50% made with the Zara Athleticz range, the brand’s technical sportswear range for men is saving the planet.

A fundraising of $21.6 million in January 2022, with other fast fashion players, including H&M, Jack; Jones and Vero Moda, parent company Bestseller, and Zalando, as well as investment funds. Inditex also owns, among others, the brands Berhska, Massimo Dutti and Pull&Bear.

According to Kering’s third quarter sales figures, the group’s turnover fell by 13% at published exchange rates and by 9% on an underlying basis, to 4.46 billion euros.

Kering’s revenue is in line with analysts’ estimates, most of whom had already lowered their expectations for the quarter and their stock price targets.

Gucci, Kering’s largest brand, reported revenue of €2.22 billion, down 14% on a reported basis and 7% on an underlying basis. Bottega fell 13 percent and Yves Saint Laurent 16 percent.

François-Henri Pinault, said that beyond the difficult macroeconomic conditions and the slowdown in demand in the luxury industry, “our third quarter turnover reflects the impact of our decision to further raise our brands and our distribution”.

“Managing our homes in the current market environment and regaining our position and influence” with the organization put in place by Kering in July. Following the acquisition of Creed last week, one of the world’s most distinguished fine fragrance houses has joined our family, propelling our beauty ambitions.

Calvin Klein has named Eva Vidal Dans as chief product officer she succeeds Jacob Jordan who had been global chief merchant and product strategist since October, 2020, and left in May.

Eva Vidal Dans is a seasoned merchandising and product executive whose creativity, inspiration leadership style and deep fashion expertise will help strengthen and grow Calvin Klein's product offering.

The first name Davide comes from the Hebrew “daoud” which means “loved” or “cherished” a real program. As a result of Jeremy Scott’s recent departure, Moschino has appointed Davide Renne as its creative director. Aeffe, the Italian fashion group that controls brands such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Pollini and Moschino, announced the news Monday morning.

In addition to leading Gucci’s women’s style office, Renne served as the brand’s head designer for womenswear for more than two decades. He will oversee Moschino’s womenswear, menswear, and accessories collections, reporting to Massimo Ferretti, executive president of Aeffe.

Spanish fashion company Inditex has joined the list of international companies temporarily closing operations in Israel. Worker safety would be a major concern said Zara. There are also obvious concerns about material losses.

Besides Zara, other companies have announced temporary closures, including Swedish retailers Hennes Mauritz, also known as H&M, and Ikea.

Over the weekend, major airlines, including Delta and United, suspended flights to Israel. Reuters reported that El Al was increasing flights to bring reservists to the war zone and that Carnival Cruises was rerouting ships.