The Renewal Workshop has secured a nearly 5 million euro investment to expand its circular fashion solutions in Europe, opening its first facility in Amsterdam.

Information on the Target

The Renewal Workshop (TRW) is a pioneering re-commerce company dedicated to providing circular solutions for clothing and textile brands. It enables fashion brands to extend the lifecycle of their products by encouraging the recycling and resale of garments after they have been used. TRW ensures that clothing is cleaned, inspected, and repaired to maintain quality, allowing brands to directly engage with customers through their own re-commerce sales channels. Recently, TRW opened its first facility in Amsterdam, marking its entry into the European market.

With an investment nearing 5 million euros, The Renewal Workshop aims to establish a significant presence in Europe. This funding will support their operations and expansion as they assist fashion brands in transitioning to circular business models, effectively contributing to a sustainable fashion industry.

Industry Overview in the Target’s Specific Country

The European fashion industry is undergoing a transformative shift towards sustainability and circularity, driven by increasing consumer awareness and demand for eco-friendly practices. In the Netherlands, this movement is gaining mom