In a groundbreaking move, Swedish fashion giant H&M has embarked on a new era of sustainability by shifting away from recycled polyester derived from plastic bottles towards a 'circular' solution—recycling textiles from pre-worn clothing and offcuts. This strategic pivot, accompanied by a $600 million investment in Syre, a startup specializing in textile-to-textile recycling, signifies a paradigm shift in the fashion industry and has profound implications for the future of circular fashion.
Cone Denim®, a global leader in denim manufacturing, is set to unveil its latest innovation, COLOURizd™ sustainable alternative technology for denim, at the upcoming Kingpins Show in Amsterdam on April 24-25. Developed by COLOURizd LLC, this groundbreaking technology offers a new approach to textile coloration, revolutionizing the denim industry's sustainability efforts.
The recent pronouncement by the UK's Textile Recycling Association (TRA) has sent shockwaves through the industry, revealing that the country's textile recycling sector is teetering on the edge of collapse in the face of global market challenges. Against a backdrop of contrasting fortunes, exemplified by the struggles of Renewcell juxtaposed with the substantial investment in Syre, the textile recycling landscape appears both challenging and perplexing. Even those who have managed to navigate the treacherous waters find themselves grappling with the conundrum, while fresh capital continues to pour into new ventures.
Page 14 of 17
