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H&M-backed textile recycler Renewcell files for bankruptcy

Swedish textile-to-textile recycling company Renewcell, behind the Circulose fibre and backed by fashion chain H&M, has filed for bankruptcy. In a statement, the textile innovator said it had filed for bankruptcy at the Stockholm District Court as it "has not been able to secure sufficient financing". At the end of 2023, the company reduced its...

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