Social Impact Ventures and partners have invested EUR 5 million in The Renewal Workshop to support its European expansion, promoting a circular economy in the fashion industry.

Information on the Target

The Renewal Workshop (TRW) is a pioneering company in the fashion industry, focused on redefining the relationship between consumers and their clothing. By providing innovative solutions to manage the recommerce of damaged and used garments, TRW assists brands in transforming their business models to adopt a circular approach. This not only mitigates the excessive reliance on virgin resources but also addresses the environmental and social issues plaguing the industry.

With a strong commitment to sustainability, TRW has positioned itself as a leader in the recommerce space, allowing partnerships with various brands to repurpose and rejuvenate their damaged apparel. This model fosters a more responsible consumption pattern and promotes environmental stewardship within the fashion sector.

Industry Overview in the Target’s Specific Country

The fashion industry in Europe is increasingly acknowledging its substantial ecological footprint, prompting a shift towards sustainable practices. Notably, the European market is witnessing a growing demand for circu