H&M has picked up a bigger piece of a leading recycled-textiles manufacturer. “The Swedish retailer is part of a group of investors that has acquired 1.9 million shares in
Renewcell, amounting to 6.25% of the company, from Girindus Investments. Together with the minority stake it secured in 2017, H&M is now Renewcell’s second-largest shareholder,” per
Sourcing Journal.
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