Inditex bans angora wool products

Inditex has now joined a list of global brands such as ASOS (ASOMF), H&M (HMRZF) and Calvin Klein that shun the material. One of the last major brands still using angora wool is Italy’s Benetton, according to campaigners.

Inditex will donate the 20,000 jumpers, scarfs and other garments still in stock to Syrian refugees in Lebanon. PETA said the pile of unsold clothes was worth about $878,000.

CNN Money