ACS has partnered with Circularity Capital, a specialist progress fairness fund supervisor which invests in European SMEs working throughout the round financial system. Established in 2015, the corporate’s mission is to ship worth for buyers by supporting progress and innovation within the round financial system.
Andrew Tough, chief government officer of ACS, stated: “I’m delighted to accomplice with Circularity Capital, this strategic partnership recognises our goal of making one in all Europe’s largest round vogue options suppliers specialising in clothes rental, subscription and resale.
“Circularity has a confirmed monitor document in taking part in a proactive function in supporting the expansion of round companies. Providing a lot extra than simply finance, the organisation will show pivotal in delivering our aim of serving to extra vogue companies to embrace rental, subscription and resale fashions.”
Andrew Shannon, founding accomplice at Circularity Capital, added: “The common European throws away 11kg of textiles yearly, and all over the world a truckload of textiles is landfilled or incinerated each second. ACS offers the capabilities and processes to allow retailers to scale their rental, subscription and resale ambitions with ease, reworking the trade from a standard take-make-dispose mannequin to one in all reuse and resale.
“The funding from Circularity Capital will assist the additional enlargement of ACS’ enabling answer to fulfill demand of a rising vogue rental trade.”
ACS works with a wide range of vogue manufacturers and retailers, each straight and not directly via its companions, offering round vogue rental, subscription and resale capabilities. Its listing of consumers covers excessive avenue menswear manufacturers equivalent to Moss Bros and Slaters Menswear, womenswear manufacturers equivalent to Monsoon and LK Bennett, via to expertise companions equivalent to CaaStle and Hirestreet.
From environmentally-friendly cleansing to model authentication, garment restore, pictures, tailor-made branded packaging and supply, ACS takes care of the entire strategy of returns and resale for all vogue items and equipment. Utilizing ozone expertise to sanitise clothes, ACS employs microplastic filters to minimise water air pollution and recycles the by-product to make constructing bricks.
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