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.
H&M has partnered with acclaimed Polish designer Magda Butrym for its latest designer collaboration, marking the first time the Swedish retail giant has worked with a Polish creator in its 20-year history of high-profile fashion partnerships.
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.