Zara Owner Inditex Considers Fund to Back Environmental Startups

Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.

The project could see the fashion retailer create an in-house venture capital fund or become the anchor investor in a fund along with several other brands, the people said, asking not to be identified because the plan is confidential. The size of the investment would be relatively small, one person said. No decision has been made yet and the company could decide not to go ahead with the plan.