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Recycled fibre specialist Renewcell, in which H&M is a shareholder, has filed for bankruptcy

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Swedish company Renewcell, in which the H&M group is one of the main shareholders, announced on February 25 that it would be filing for bankruptcy with the Stockholm court. Renewcell was founded in 2012 and specialises in recycling clothing to produce new fibres, in particular a yarn called Circulose, which is used by major fashion … Read more

Frasers buys more of ASOS and Boohoo

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Forget rumours about what Frasers Group may or may be thinking of buying. We know that it’s definitely buying more of two underperforming online retail giants, ASOS and Boohoo. DR Its holding in ASOS has now jumped from less than 18% recently to over 25% this week, both through directly owning the shares and through … Read more