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Zara owner Inditex’s transport emissions jump in 2024

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Reuters

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March 16, 2025

Zara owner Inditex‘s emissions from transport jumped by 10% in 2024 as the fast-fashion retailer used more flights to move clothes from production centres in Asia to its logistics hub in Spain and into stores.

Reuters

The increase highlights the impact of greater air freight use as attacks on container ships in the Red Sea have diverted vessels from the Suez Canal route to a much longer route around Africa to transport products from Asia. 

Companies’ emissions from shipping have also increased as a result.

In its annual report published on Friday, Inditex said emissions from upstream transportation and distribution were 2,614,230 tonnes of carbon dioxide equivalent (CO2eq) in its 2024 financial year ending January 31, up 10% from 2,378,464 tonnes in 2023.

Inditex did not give a reason for the increase in the report. The company did not immediately reply to a request for comment.

Reuters reported in November that Inditex sharply increased its use of air freight to bring products from factories in India and Bangladesh, two key manufacturing hubs, to its Zaragoza logistics hub in Spain to avoid shipping delays that could hamper its ability to get on-trend clothes into stores fast. 

Inditex has previously said it is working hard to reduce transport emissions through measures like alternative fuels and optimising routes and container occupancy levels.

The retailer, which also owns brands including Bershka, Pull & Bear and Massimo Dutti, on Wednesday reported a 10.5% currency-adjusted increase in sales for 2024, to 38.6 billion euros ($42.06 billion).

Its overall greenhouse gas emissions were flat in 2024 compared to 2023, thanks to a decline in emissions related to product sourcing, its single biggest emissions category. 

Emissions from “purchased goods and services” declined by 6%, to 6,696,995 tonnes of CO2 equivalent from 7,102,152 tonnes, which Inditex said was thanks to buying more textiles that have a lower environmental impact. Inditex said 33% of its fibres and raw materials came from recycling of post-consumer waste in 2024, up from 18% in 2023.

However, the retailer made no progress towards its target of cutting indirect emissions, which includes the purchased goods and services category.

Inditex has a target of cutting its “scope 3” emissions – those generated in its supply chain, for example by supplier factories, shipping products, business travel and post-consumer waste – by 51% by 2030 and 90% by 2040, compared to 2018 levels.

Inditex’s scope 3 emissions in 2024 were 13,427,762 tonnes of CO2 equivalent, a slight increase on the 2018 level of 13,421,935, according to the annual report.

Milestones published in the report showed that by 2030 it will need to slash that number to 4,916,311 tonnes, and by 2040 to 1,003,329 tonnes to meet the target approved by the Science Based Targets Initiative, a global nonprofit that assesses and approves companies’ climate targets.

© Thomson Reuters 2025 All rights reserved.



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Forever 21 operator files for bankruptcy amid financial struggles

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Bloomberg

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March 17, 2025

An operator of several Forever 21 retail stores, once a go-to destination for affordable and trendy fashion, has filed for bankruptcy following years of declining performance. 

Forever21

According to court documents, the company filed for Chapter 11 bankruptcy in Delaware, listing assets between $100 million and $500 million and liabilities ranging from $1 billion to $10 billion.

Bloomberg reported in February that Forever 21 had been exploring various turnaround strategies, including a potential second bankruptcy filing.

This marks the brand’s second bankruptcy, following its first in 2019, which led to intense disputes, minimal creditor recovery, and the closure of hundreds of stores. Today, according to its website, Forever 21 operates more than 540 locations worldwide.

The retailer was acquired out of bankruptcy by a group of buyers, including Simon Property Group, Brookfield Corp. and Authentic Brands, through their joint venture, Sparc Group.

Earlier this year, Sparc merged with JCPenney to form Catalyst Brands. At the time of the merger, Catalyst stated it was assessing strategic options for Forever 21’s operations.

The company’s struggles reflect broader retail challenges, as inflation prompts consumers to cut back on clothing purchases. Forever 21 has also faced increased competition from online shopping, drawing traffic away from malls.



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Selfridges unveils spring Obsessions in-store campaign

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Selfridges has unveiled its spring campaign with a focus on Obsessions — that is “an, object or idea that Selfridges identifies as the most irresistible of the moment”.

It’s launched in London, Manchester, Birmingham and on selfridges.com with the retailer saying it’s actually been “a house of obsessions since 1909… THE place to find something new, a barometer of culture and fashion”.

So this new continuation of that features “a spectrum of Selfridges’s latest obsessions, niche or trending, of the moment or lifelong. Twelve Selfridges Obsessions for SS25 include Chess, Dogs, Hot Sauce and Martinis”.

They can be discovered in its windows, “and through playful product edits, events and experiences in all stores (including a chess club, a film club and a not to be missed opportunity for dog owners to have a portrait taken with their canine obsession)”. 

And creatives including @pablo.rochat, @chrismaggio and @jakubgessler have been enlisted as collaborators.

Judd Crane, Selfridges executive director, buying & brand, said of all this: “Obsessions have become a social tender; a means of exchange and connection between likeminded people; the start of a friendship or a community. We had great fun coming up with our Selfridges Obsessions list, and in doing so we’re hoping to bring people together and open a light-hearted conversation around the things we love and why we love them.”

As well as those mentioned above, the retailer’s obsessions for the season include “Silver: the shiny, decorative detail or feature of SS25. Added to cupid bows at Miu Miu by Pat McGrath and one of JW Anderson’s shiny shift dresses”.

Also on the list are Power Flowers, “artistic three-dimensional forms, especially by crochet and appliqué on the season’s sought-after dresses or by casting metal for jewellery and art”.

And there’s High Gloss that “refers to Jil Sander trench coats, slick hair at Dries Van Noten, Gaetano Pesce chairs and the glass-like sheen that collectively defines them”.

Meanwhile, Fashion Comebacks make the grade too, with “notable pieces from past collections in a designer’s archive. Often worn or owned by iconic characters, models, celebrities. [And] styles reissued, often many years after their original fame”.

Then there are Matchsticks, “the stem of several SS25 Bottega Veneta looks. May appear on knitwear, dresses, or as decorative housewares”; and Long Weekends, “a short holiday created by adding a Friday and/or Monday to your weekend. Typically features French wine, tapas and new sunglasses”.

There are lots of in-store happenings connected to all this as well as a fashion film programme in partnership with SHOWStudio that offers film screenings, documentaries and panel talks.

Copyright © 2025 FashionNetwork.com All rights reserved.



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Jonathan Anderson leaves Loewe after 11 years at creative helm

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Jonathan Anderson is stepping down from creative control of LVMH’s Spanish brand Loewe after an 11-year run that has been seen as a transformational time for the label.

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There’s no confirmation of where he’s going next, although rumours suggest it will be Dior. The praise heaped on him by Loewe owner LVMH and the fact that his signature label is also backed by the French luxury fashion giant suggests that might be true.

Just like the recent Demna appointment that saw him moving from Kering’s Balenciaga to its Gucci brand, it’s clear that luxury giants want to retain the talent that has had a huge impact on smaller labels when vacancies arise at bigger ones.

There’s no official vacancy at Dior’s womenswear ops, but the menswear job is up for grabs after Kim Jones recently stepped down from the helm there.

Neither Anderson nor LVMH have said anything about the speculation.

Loewe – Fall-Winter2022 – 2023 – Womenswear – France – Paris – © ImaxTree

Instead, the company on Monday talked of the growth it had enjoyed under Anderson and the international recognition it had enjoyed.

In a statement Loewe said: “Jonathan led us to exceptional growth and established the House as a pioneer in presenting a modern vision of luxury fashion and culture, underscored by an enduring commitment to craft.”

CEO Pascale Lepoivre also said he’s “incredibly grateful to Jonathan Anderson for the 11 years of unmatched creativity, passion and dedication that he has given to Loewe. With him as its creative director, the House has risen to new heights with international recognition. The Puzzle bag, celebrating its 10th anniversary, has become a true icon, and the brand codes that he has created, rooted in craft, will live on as his legacy.”

And LVMH’s Sidney Toledano said Anderson is among the best designers out there, contributing more than just his creativity and building “a rich and eclectic world with strong foundations in craft which will enable the house to thrive long after his departure”.

Loewe – Fall-Winter2024 – 2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight

Meanwhile the man himself — who was in December again named Designer of the Year at the Fashion Awards in London —  added: “While reflecting on the last 11 years, I have been lucky enough to be surrounded by people with the imagination, the skills, the tenacity and the resourcefulness to find a way to say ‘yes’ to all my wildly ambitious ideas. While my chapter draws to a close, Loewe’s story will continue for many years to come, and I will look on with pride, watching it continue to grow, the amazing Spanish brand I once called Home.”

Loewe didn’t have a runway show at the recent Paris Fashion Week but opted for a dual-gender presentation that saw critics full of praise for what he’d achieved in the past 11 years.

And that achievement wasn’t just creative. While LVMH doesn’t share financial details about its smaller brands, back in October, Loewe had filed its results for 2023 and they showed a 62.5% rise in net profit to €207.3 million. That came as revenue grew by nearly 30%, reaching around €810.8 million, while its sales rose by 27.5% to €789.3 million. Analysts have estimated that sales for the almost-200-year-old label were over €1 billion in 2024.

Copyright © 2025 FashionNetwork.com All rights reserved.



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