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Hugo Boss to launch resale platform
Image: Hugo Boss
Fashion brand Hugo Boss is launching a resale platform in the Q3 of 2022 to support its sustainability efforts as part of its ‘Claim 5' strategy.
The ‘Hugo Boss Pre-Loved' platform will offer a “curated assortment” of pre-owned items that have been traded in by existing customers, as Hugo Boss looks to move to a circular business model.
The resale service will be operated by Faume, which helps brands scale their second-hand businesses and will be accessible through hugoboss.com. It will initially launch in France, before being expanded to Germany, the UK and the US in...
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L'Oréal launches circular innovation fund to support sustainable start-ups
Image: L'Oréal
Beauty giant L'Oréal has announced the launch of a Circular Innovation Fund in a bid to scale-up circular economy solutions through the support of sustainably-minded start-ups across North America, Europe and Asia.
L'Oréal will contribute 50 million euros as part of its L'Oréal for the Future sustainability programme, adding to this new 150 million euro fund.
The fund will be operated by Demeter and Cycle Capital and will also benefit from a range of impact investors.
“I am convinced that finance can play a decisive role in mitigating the impacts of climate change and can be...
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