#Recycling / Circular Economy

2025-02-20

H&M Foundation supports The Fashion ReModel to accelerate the uptake of circular business models for fashion

H&M Foundation has announced its philanthropic support for The Fashion Initiative’s latest demonstration project, The Fashion ReModel. This initiative aims to accelerate the adoption of circular business models within the fashion industry over the next three years.

As a newly joined Philanthropic Partner in the Network, H&M Foundation’s commitment will facilitate efforts to make circular business models mainstream. Launched at the Global Fashion Summit in Copenhagen in May 2024, The Fashion ReModel collaborates with leading fashion brands to explore scalable solutions, address industry barriers, and help decouple revenue from production.

Circular business models—including rental, resale, repair, and remaking—offer significant growth opportunities for the fashion industry. These models allow brands to generate revenue without producing new garments, with projections estimating a market value of USD 700 billion by 2030.

Industry Leaders Advocate for Circular Fashion

“We must decouple revenue from the production of new garments and the use of natural resources. Embracing circular business models is essential—there’s simply no credible path to meeting global climate and biodiversity targets without transforming the way we do business,” stated Christiane Dolva, Head of Innovation, Research & Demonstration at H&M Foundation.

Jules Lennon, Fashion Lead at the Ellen MacArthur Foundation, emphasized the importance of industry collaboration: “We’re excited to have philanthropic support from H&M Foundation as we work to make circular business models the norm. We welcome business-led action to make this a reality. Our demonstration project, The Fashion ReModel, is an opportunity for organizations to take further steps on their long-term circular economy journey.”

Driving Change for a Sustainable Future

The Fashion ReModel is designed to push the boundaries of what is possible, striving to create viable economic structures for circular business models. By sharing key insights, the initiative aims to inform and inspire industry-wide action, influencing policymakers and investors to support the transition toward sustainability.

As The Fashion ReModel progresses, it will serve as a pivotal platform for collaboration and transformation in the fashion sector. Industry professionals and stakeholders are encouraged to explore this initiative and contribute to shaping the future of sustainable fashion.

Explore The Fashion ReModel:

https://www.ellenmacarthurfoundation.org/the-fashion-remodel/overview

The Foundation signs a joint letter on the EU Circular Economy Act

Today, the European Commission has launched a crucial Public Consultation for its upcoming Circular Economy Act (CEA). The Foundation has joined a coalition of seven leading European civil society organisations to issue a joint statement calling for an ambitious and transformative piece of legislation.

Building Prosperity: Unlocking the potential of a nature-positive, circular economy for Europe Business and nature to reap rewards from circular urban spaces

The report, ‘Building Prosperity: Unlocking the potential of a nature-positive, circular economy for Europe’, calls for the adoption of six circular strategies to transform Europe’s built environment. This will boost economic activity, increase climate resilience, and make cities more vibrant places to live and work.

Industrial scale meets verified governance: RE&UP is now B Corp™ certified

RE&UP, the circular-tech transforming global textile waste into high-volume Next-Gen materials, has officially become a Certified B Corporation™. The milestone establishes the industrial recycler among a select group of manufacturing infrastructure providers verified as meeting B Lab Standards for social and environmental performance, transparency, and accountability.

Recover™ and Ünteks Group partner to scale recycled cotton in knitwear

Recover(TM), a global producer of low‐impact, high‐quality recycled cotton fiber, announces a new partnership with Ünteks Group, a vertically integrated textile manufacturer based in Turkey. The collaboration focuses on the development of circular knit fabrics and garments, combining Recover’s recycled cotton fiber with Ünteks Group’s integrated capabilities across knitting, dyeing, printing, and garment production.

ALADIN paves the way for circular and demand-driven textile production in Europe

Textile production can be organized sustainably by utilizing short supply chains and preventing overproduction. This can already be achieved today by intelligently connecting and efficiently utilizing existing infrastructure. At the same time, production becomes circular when innovative technologies and materials are used that enable high-quality recycling. The ALADIN research project, launched in May 2026 and co-funded with five million euros under the EU Horizon Europe program, is creating the conditions for this.

Ence and ShareTex begin initial testing of the ATENEA innovation project to promote textile recycling in Spain

Ence and ShareTex are making progress on the Atenea R&D project, which aims to develop a complete value chain for textile recycling in Spain. Specifically, the goal of the ATENEA project—which is funded by the Center for Technological Development and Innovation (CDTI)—is to connect all the necessary stages for the recovery of textile waste, from collection and management, through recycling and transformation into new raw materials, to their incorporation into new textile products.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.