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GEORGE FM
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The Swedish Textile Recycler Said It Was Unable To Secure Sufficient Funds: Goes Bankrupt

Swedish textile recycler Renewcell said Sunday it filed for bankruptcy after failing to secure sufficient long-term funding to continue operations. The Swedish shareholder and owner of the company H&M couldn't even secure funds for its subsidiary as H&M seems to be drowning in debt the recycler company said, unable to secure sufficient long-term funds to continue operations.
Stefan Soesanto Published: March 19, 2024 | Updated: March 12, 2026 1 minute read
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