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Resale platform Reflaunt raises $11m in Series A funding
Reflaunt, the resale technology solution used by Balenciaga and Net-A-Porter, has raised 11 million US dollars in a Series A funding round, in order to speed up the circular growth of the fashion
Archroma to acquire Textile Effects Division of Huntsman
The Textile Effects division of Huntsman Corporation, which was formally placed up for sale at the end of 2021, will be acquired by global specialty chemicals firm, Archroma. The transaction's
Tommy Hilfiger launches fashion rental trial with My Wardrobe HQ
Fashion brand, Tommy Hilfiger, launched its first-ever rental pilot in collaboration with UK rental platform My Wardrobe HQ, allowing UK shoppers to rent or buy womenswear, footwear, and accessories
Origin Materials plans to build its second manufacturing plant in Louisiana
Origin Materials, the world’s leading carbon-negative materials company, has announced that the company has selected a site in Geismar, Louisiana, for the construction of its first world-scale
Onloan fashion rental to put business on hold as founders seek investment
London-based fashion rental service Onloan, which launched pre-COVID-19 and traded throughout the lockdown, is to put its business on hold from the middle of next month The decision was made
UK Consumers demands immediate action on climate change
As COP26 gets underway, a national consumer study conducted on behalf of UK sustainability charity WRAP found that 63% of UK citizens believe businesses should act promptly on climate change, with
New report Cleaning Up Fashion urges government for industrywide action
A new report called Cleaning Up Fashion calls on the government to put sustainability into action by recognizing and supporting pioneers' efforts and putting an end to exploitation and environmental
A new study shows that half of fast fashion is made of virgin plastics
After a recent study discovered that half of the clothing offered on major websites were created from virgin polymers, fast fashion businesses are being asked to drastically expand their usage of
1200 jobs disappear as factory closes in India
A garment manufacturer, which supplies manufacturers such as GAP, H&M, Reebok, and Adidas, has closed a huge factory with the loss of 1,200 jobs in India. Gokaldas Exports has closed down its
EU's corona virus fund to have green strings
The European Union has confirmed that it's projected $750 billion (US$830bn) bundle to assist the bloc to recuperate from the coronavirus crisis will be connected to environmental commitments, with a
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