Growth equity fund manager Circularity Capital has invested £10m in sustainable fashion firm Advanced Clothing Solutions (ACS).
It claims to be the largest circular fashion enabler in the UK, operating from a 19,000 sq m automated facility at Eurocentral, working with fashion brands and retailers through rental, subscription and resale models.
ACS chief executive Andrew Rough commented: “Circularity has a proven track record in playing a proactive role in supporting the growth of circular businesses - offering so much more than just finance, the organisation will prove pivotal in delivering our goal of helping more fashion businesses to embrace rental, subscription and resale models.”
