Goldman-Backed Recycled Cotton Supplier Valued at $1 Billion

Recover, the Valencia, Spain based producer of recycled cotton fibre and cotton fibre blends for many major fashion brands, has closed a $100 million minority equity investment led by Goldman Sachs Asset Management and existing investor STORY3 Capital Partners. The new funding values ​​the company at $1.1 billion, according to sources close to the deal. … Read more

Are Mass Market Fashion Companies Really the Industry’s Worst Performers on Sustainability?

Fast fashion and sustainable fashion are two concepts that are difficult to square. Low prices and fast-changing styles can quickly translate into insecure working conditions, low pay and labor abuses within the supply chain. Meanwhile, the fashion cycle churn feeds a culture of over-consumption that drains resources and literally creates mountains of waste. But at … Read more