Renewcell’s bankruptcy was a shock to circular fashion. Now, the textile recycler is getting a second chance

The textile-to-textile recycling company was bought by a Swedish investment firm and has been renamed Circulose.

When textile recycling company Renewcell opened its commercial factory in 2022, it was a landmark moment for circularity and sustainable fashion. That facility, housed in a paper mill in Sweden, was the first industrial-scale textile-to-textile recycling plant in the world.