The world’s biggest clothing retailer and Zara’s owner company, Inditex, will invest in and buy recycled polyester from Los Angeles-based start-up Ambercycle. The retailer aims to have 25 per cent of its fibres from ‘next-generation’ materials by 2030.
As per a report of Reuters, as fast-fashion retailers face pressure to reduce waste and use recycled fabrics, Inditex will invest € 70 million in Ambercycle which makes recycled polyester from textile waste.
It has been said that Inditex will buy a ‘significant’ portion of Ambercycle’s production of recycled polyester, which it sells under the brand cycora, over three years.
The retail giant has confirmed that it reached a deal with Ambercycle but did not share a lot fo details for the same.
Inditex’s investment will help Ambercycle fund its first commercial-scale textile recycling factory. Production of cycora at the plant is expected to begin around 2025, and the material will be used in Inditex products over the following three years.
