Zara Parent Company Announces No Sale Of Angola Rabbit Hair Products
Zara parent Inditex group announced that they would stop selling Angola rabbit hair products, including sweaters and accessories woven from Angola rabbit hair.
It originated in 2013, and PETA released some videos, which revealed the process of rabbits being ripped off, so that the public concerned about rabbit hair products.
Inditex Group
It operates nearly 6500 stores around the world. It says its suppliers are not rabbit abusers, but the company will still stop using rabbit hair products.
The company's commitment to animal welfare policy on its official website is that "Inditex no longer sells products containing Angola rabbit hair."
In addition, Zara will donate its warehouse.
Angola rabbit fur coat
Sweaters and hats for refugees in Syria, Lebanon.
According to UN news, tens of millions of people in the region are suffering severe winter storms.
Apart from Zara, brands like H&M, Marks & Spencer, Topshop and Primark agree to stop selling Angola rabbit hair products.
According to foreign media reports, Angola is not always using extreme cruelty to get products.
Some small-scale rabbit breeders will comb and trim rabbit fur by using scissors and push clippers, and then extract fiber material into wool.
Inditex group said, "there is no evidence on our farm to prove that its suppliers use the brutal means to get Angola rabbit hair."
But after discussing with animal welfare organizations, we will discuss more production.
Rabbit's hair
A sustainable way to help develop better standards in the industry.
We decided to ban the production of rabbit hair products in Angola is the right decision. "
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With the decline in wholesale channel revenues, economic fluctuations and the write down of authorized agents, the core profit EBITDA (interest profit before depreciation and amortization) of Italy luxury goods group Roberto Cavalli SpA2014 plunged 33.9% to 14 million 800 thousand euros.
Excluding the authorized authorized agents, the core profit of the group increased by 8.9% to 24 million 400 thousand euros in 2014.
Roberto Cavalli SpA Group recorded an increase of 4.2% in 2014, up from 201 million euros in the same period last year to 209 million 400 thousand euros.
Under the influence of the Russian market downturn, wholesale revenue declined by 4% throughout the year, while retail revenue increased by 1.2%, of which direct store revenue rose by 6%; authorized income increased by 11.6 in 2014.
By the end of 2014, 190 stores in the Roberto Cavalli SpA group's public pport camp, a year-on-year net increase of 11, including 91 Roberto Cavalli brands, including 41 direct battalions and 50 agents, 54 sub lines Just Cavalli stores and 28 Cavalli Class stores, and 17 17 Cavalli Cavalli children's wear shops.
As for the negotiations with Italy private Holdings Company Clessidra SGR SpA on the sale of the majority stake, Roberto Cavalli SpA said that it is progressing smoothly and expects to complete the paction in the first quarter. The two sides began exclusive negotiations in December last year.
People familiar with the matter say that Clessidra SGR SpA will buy Roberto Cavalli SpA 90% at most.
Clessidra SGR SpA 2009 has attempted to invest in Roberto Cavalli SpA in the year of 2009, when it hoped to buy Roberto Cavalli SpA 30% stake with an estimated value of about 400 million euros.
If the paction is successful, Clessidra SGR SpA executive vice president Francesco Trapani will be the Roberto Cavalli SpA president, while Roberto Cavalli reserves a minority stake and assists the new management to start remodeling and developing Roberto Roberto.
Francesco Trapani is the family successor of Italy luxury jewelry brand Bulgari Bvlgari. After the acquisition of Bulgari Bvlgari by LVMH Mo t Hennessy Louis Vuitton SA (Hennessy) MOET & CHANDON Hennessy Louis Weedon group, it became chief executive officer of jewelry and wrist watch Department of the world's largest luxury group. After being cleaned in January this year, it joined the company as shareholder and business partner.
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