Renewcell secures a future

Four months after it filed for bankruptcy, the former sustainable fashion darling has a buyer — and a new name.
Image may contain Water Waterfront Architecture Building Factory Power Plant Smoke and Person
Photo: Alexander Donka

Sign up to receive the Vogue Business newsletter for the latest luxury news and insights, plus exclusive membership discounts. To become a Vogue Business Member and receive the Sustainability Edit newsletter, click here.

When Swedish textile recycling company Renewcell filed for bankruptcy in February, it sent shock waves through the sustainable fashion sphere. Now, Stockholm-based investment firm Altor has acquired Renewcell’s remaining assets for an undisclosed sum.