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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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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.

Courtesy

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.

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Carmina Shoemaker expands globally after reaching €20 million in 2024, with new stores in Luxembourg and London

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Translated by

Nazia BIBI KEENOO

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March 17, 2025

Founded in 1866 by Matías Pujadas in Mallorca, Carmina Shoemaker has evolved into a globally recognized artisanal footwear brand. Now in its sixth generation, the family-led business reached €20 million in revenue in 2024. “We are five siblings, a family business, and we want to keep it that way,” says commercial director Sandro Albadalejo. Looking ahead to 2025, Carmina is gearing up for key expansions, with new stores set to open in Luxembourg and London—moves expected to drive annual revenue growth of up to 15%.

One of Carmina Shoemaker’s stores in New York Carmina Shoemaker – Carmina Shoemaker

The Balearic brand maintains a balanced distribution strategy across its sales channels. Wholesale accounts for one-third of its revenue, with Carmina products available in 50 to 70 retail locations across Asia, Europe, and the United States. “We are not investing in wholesale; we prefer to focus on our own channels, where we have more control. That said, wholesalers give us access to luxury stores and high-value brands,” says Albadalejo.

Another third of sales comes from its global online platform, while the final third is generated through its retail network. Carmina currently operates seven boutiques, with locations in Palma, Madrid and Barcelona in Spain, as well as Paris, two in New York, and San Francisco—its latest addition, which opened in May 2024. “Between May and June, we will open a store in Luxembourg, and we are also finalizing a deal for a location in Mayfair, London, which will likely open before summer,” Albadalejo reveals. “We are also looking at Munich or Hamburg, as well as Tokyo, with openings planned between late 2025 and early 2026.”

The United States remains Carmina’s strongest market, followed by Spain and Germany, which ranks second in online sales after the US. Given the American market’s significant role in Carmina Shoemaker’s revenue, how does the company navigate tariff concerns? “This is the reality for us and all manufacturers today. The shoes we make here, which American customers demand, are not produced locally, so in that sense, we have some protection. However, if a 20% tariff is imposed, we will have to adjust our prices accordingly, which we understand could slow down demand,” explains the commercial director.

Since establishing as a footwear brand in 1997, Carmina has remained dedicated to traditional craftsmanship. The company operates two factories in Mallorca, where up to 100 artisans are involved in the production process. While primarily known for men’s footwear, its women’s collection now represents 25% of its catalog. “We have two in-house factories and produce 300 pairs daily—about 60,000 a year. Our facilities could increase production by 25% to 30%, but our focus is on high-end products rather than volume at lower prices,” says Albadalejo.

Carmina employs around 200 people and has subsidiaries in the United States, the United Kingdom, Japan, and France. The family’s holding company, Alta Zapatería Balear, fully owns these divisions.

With its deep-rooted heritage in bespoke shoemaking, Carmina Shoemaker has made personalization a core part of its identity. Customers can “design” their own shoes by selecting materials, finishes, and details such as buckles. The brand has also introduced a foot-scanning service—currently available in its New York and San Francisco stores—that creates a custom wooden last for each client, ensuring a perfect fit. “A bespoke pair of shoes in the UK can cost around £10,000. With our process, a similar product could be made for approximately €2,000,” says Albadalejo. The company plans to roll out this service gradually across its retail network.

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Tailored Brands adds to board, appoints new chairman

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Menswear company Tailored Brands announced on Thursday the appointment of Julie Rosen and Lewis Bird III to its board of directors, effective March of 2025.

Men’s Wearhouse

The Houston-based company that Rosen and Bird collectively bring nearly seven decades of retail and business experience to the company, as it charts its next phase of growth.

Rosen boast three decades of experience, and has held leadership roles at specialty retail brands, including The Gap, Ann, and Bath & Body Works. Over the past eight years, she has served in the role of president with overall P&L responsibility for multiple companies, bringing extensive experience in business strategy, brand development and operational leadership.

Likewise, Bird’s career spans more than 35 years. He most recently served as chairman and chief executive officer for At Home Group., a home decor retailer. Prior to At Home, he served as managing director/consumer practice leader of The Gores Group, a private equity firm; group president of Nike affiliates for Nike Inc.; chief operating officer of Gap; and chief financial officer of Old Navy.

Coinciding with the appointments, Bob Hull will departs as executive chairman of the board, Sean Mahoney, Tailored Brands board member and chair of the nominating and governance committee, succeeding him as chairman, effective May 3.

“The addition of Julie and Lee underscores Tailored Brands’ continued momentum and focus on the future, and I am confident their combined talent and expertise will help inform strategies to accelerate revenue growth and profitability,” said Hull.

“The board has never been stronger, and with Sean taking on an expanded role as chairman, I am confident we have the right combination of institutional expertise and fresh thinking to chart the path forward. I look forward to watching all this team continues to achieve as I transition away from this great company.”

​Tailored Brands is a specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. Its portfolio includes Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.

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