EUROPE FAST FASHION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

New product launches

• In February 22, 2023, As European fashion regulations on the horizon, Gucci initiates a sustainability initiative. Luxury goods manufacturers, known for producing products with lower environmental impact compared to fast fashion, are compelled to implement greener practices in their operations.
• In January 2022, Inditex launched a new online fast fashion brand called UP TO YOU, targeted at young customers. This expands Inditex's digital presence.
• In June 2020, Primark launched a new athleisure and activewear line Primark Cares Active aimed at yoga and gym enthusiasts. This helped Primark expand its product portfolio.

Acquisition and partnerships

• In May 2021, Inditex acquired a minority stake in e-commerce platform Cebollero to enhance its digital capabilities.
• In March 2020, H&M partnered with sustainable material innovation company Renewcell to develop clothing from recycled material.