Mixed textiles recycling company Circ has secured another $30m (ca. €30m) in a series B funding round. The company had already established partnerships with companies such as the outdoor equipment brand Patagonia and the Fashion for Good initiative. With the most recent funding round, which was completed on 12 July, it added investors from the textiles and apparel industries, including Zara parent company Inditex, Milliken Textiles and Maurbeni America. Circ's new financial investors include Breakthrough Energy, a network of investment vehicles founded by Bill Gates, and asset manager Lansdowne Partners....
Zara parent company invests in waste textiles recycling
© 2022 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The regular and systematic circulation of price tables from the EUWID Premium section is not permitted. Only one copy is permitted to be printed out for the purpose of circulation within the company. Distribution of EUWID price tables by intranet or by E-Mail within a company, throughout a group of companies, to customers, or to independent sales representatives is not permitted and constitutes an infringement of copyright law.