This investment, facilitated through its accelerator programme, Mango StartUp Studio, makes Mango the “first major brand” to invest in The Post Fiber.
The Post Fiber is created by four companies in the textile industry namely, Hallotex, Moda-Re, Textil Santanderina, and Margasa.
The start-up presents a system for handling post-consumer textile waste, where recyclable materials from used garments are transformed into high-quality fibre for its industrial partners.
These fibres can be made into new yarns, fabrics, and garments.
With this investment, Mango gains representation on The Post Fiber's board of directors with Mango Kids and Mango Teen director Berta Moral joining the board.
Moral said: “By collaborating with innovative start-ups, such as The Post Fiber, we seek not only to significantly advance our commitment to integrate a higher percentage of recycled fibres in our collections, but also to support the growth of these emerging companies that are transforming the industry. With this initiative, we are contributing to scaling solutions that promote circular fashion and reduce the environmental impact of operations across the sector."
The investment makes Mango one of the first fashion companies to include post-consumer recycled fibres in its collections.
The brand has introduced a collection for its youth brand, Mango Teen, which features clothing made from post-consumer recycled fibres.
This limited-edition capsule collection includes ten items such as t-shirts and sweatshirts, with the majority containing 80% recycled material. Notably, approximately 15% of these fibres are sourced from The Post Fiber.
The other 65% of recycled content in the collection originates from post-industrial waste.
Additionally, these items use Pigmentura, a dyeing process that significantly cuts down on water and energy usage, thereby reducing environmental impact.
This investment aligns with Mango's objective to incorporate 40% recycled fibres into its collections by 2030.
In the previous financial year, Mango reported that 72% of the fibres used in its clothing had a reduced environmental impact, including 25% that were recycled.
The company is also working towards its 2030 target of exclusively using fibres with less environmental impact.
These efforts further solidify Mango's adherence to its Strategic Plan for 2024-2026, known as the 4E Plan. The brand aims to achieve more than €4bn in turnover by 2026.
Mango sustainability and sourcing director Andrés Fernández said: "At Mango we see sustainability as a transversal pillar of our business model, a structural and deep commitment and a lever of business transformation that we have been internalising for more than two decades. It is clear to us that progress in sustainability is not a question of size, but of approach and that the path is more collaborative than competitive. Therefore, this alliance with The Post Fiber represents a joint effort towards the transformation of the industry and a clear commitment to circularity in the textile sector, not only as a lever for the reduction of environmental impact, but also as an opportunity for value creation."
