Swedish textile recycling company Re:NewCell files for bankruptcy

What factors led to Renewcell’s bankruptcy? Re:NewCell AB, a pioneering Swedish company in textile recycling, announced today that it has filed for bankruptcy with the Stockholm District Court. Despite extensive efforts and negotiations, the company was unable to secure sufficient funding to complete its ongoing strategic review and ensure its future operation. The company, known … Continue reading Swedish textile recycling company Re:NewCell files for bankruptcy