H&M
H&M, short for Hennes & Mauritz AB, is a Swedish multinational clothing retail company known for its fast-fashion clothing for men, women, teenagers, and children. Founded in 1947 by Erling Persson in Västerås, Sweden, H&M has grown to become one of the world’s leading fashion retailers. The brand offers a wide range of apparel, accessories, and footwear, and is recognized for providing trendy products at affordable prices.
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.
Luxury fashion brands have long been known for their exclusivity, high-quality materials, and meticulous craftsmanship. However, in recent years, some of these prestigious brands have entered into collaborations with fast fashion retailers, raising questions about whether such partnerships could harm their reputation and dilute their brand value.