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Renewcell, a Swedish company known for its innovative textile recycling technology, has filed for bankruptcy. Despite being a pioneer in the industry and opening the world’s first large-scale textile-to-textile recycling plant in late 2022, Renewcell struggled financially.
Recent studies by the United Kingdom Intellectual Property Office (UKIPO) revealed a striking trend. Men are twice as many male as female participants purchase counterfeit goods, particularly when these items are endorsed by social media influencers.