Connect with us

Fashion

Bestseller invests in matterr’s new tech to scale recycled polyester

Published

on

Bestseller invests in matterr’s new tech to scale recycled polyester


Published



August 24, 2025

Danish fashion giant Bestseller and German clean-tech company matterr have linked up to scale polyester recycling following a “substantial” grant from the EU. Bestseller is investing in the operation through its innovation and investment platform Invest FWD.

matterr is now ready to advance plans on its upcoming factory while Bestseller said the strategic partnership with the German firm is part of its “ongoing investments in the development of future materials”.

Looking at the details, matterr has developed “an innovative technology for the chemical recycling of polyester from hard-to-recycle worn-out textiles and packaging waste. The process delivers drop-in ready raw materials, identical to virgin quality, and is now set to scale”.

It will start building its small-scale industrial plant in 2026 and once completed, the facility is designed to process 10,000 tonnes of polyester-rich waste into virgin-quality raw materials each year.

CEO Melanie Hackler said matterr and Bestseller “share not only mindset and values, but also the belief that true change comes from pragmatic collaboration. Together, we are building a partnership that points towards the business models of the future”.

Bestseller has made multiple recycling technology investments through Invest FWD and said it “focuses on various promising companies within the same business area. Common to all of them is the difficult – but important – process towards scaling”.

Its head of sustainability Dorte Rye Olsen said: “matterr is a young company with an interesting solution that aims to be implemented on a large scale to benefit the entire fashion industry. We believe in the scalability of their technology as well as the commercial potential of the company. This can ensure the right impact in the long run.”

The companies didn’t say how much the total investment adds up to but did say that the EU’s support — via the EFRE/JTF programme in North Rhine-Westphalia — is €30 million, the largest grants awarded under this framework so far.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

China caprolactam corrects after peak on softer crude

Published

on

China caprolactam corrects after peak on softer crude












Source link

Continue Reading

Fashion

IMF to give specific attention to low-income, vulnerable nations

Published

on

IMF to give specific attention to low-income, vulnerable nations



The International Monetary Fund (IMF) will continue to support countries in their efforts to promote stability and growth, including through sound macroeconomic policies, domestic resource mobilisation and better governance, with specific attention to low-income and vulnerable countries, Mohammed Aljadaan, Minister for Finance of Saudi Arabia and chair of its International Monetary and Financial Committee (IMFC) said at the 53rd meeting of the committee.

Such countries include fragile and conflict-affected states and small developing states, especially where debt and financing pressures are mounting, he noted in his statement.

The IMF will continue to support countries in their efforts to promote stability and growth, including through sound macroeconomic policies, domestic resource mobilisation and better governance.
The chair of its International Monetary and Financial Committee said this support will include specific attention to low-income and vulnerable countries.
The committee called for enhanced debt transparency.

“We remain committed to further improving debt restructuring processes, including under the Common Framework, building on the progress already achieved, and advancing the work at the Global Sovereign Debt Roundtable (GSDR) to ensure debt restructurings are delivered in a predictable, timely, orderly and coordinated manner,” he said.

The committee called for enhanced debt transparency from all stakeholders, including private creditors.

“We will advance structural reforms to enable private sector-led investment, increase productivity, safeguard energy security, and elevate medium-term growth prospects,” added Aljadaan.

Fibre2Fashion News Desk (DS)



Source link

Continue Reading

Fashion

Germany firms raise investment plans, uncertainty persists: ifo

Published

on

Germany firms raise investment plans, uncertainty persists: ifo



Companies in Germany have revised their investment plans upwards for the current year, with the ifo investment expectations index rising to 0.2 points in March from -3.1 points in December 2025.

“The improved order situation in industry has brightened sentiment somewhat. However, as a result of the Iran war, energy costs have risen sharply, and uncertainty among companies has also increased. That runs counter to a stronger economic recovery,” said Timo Wollmershauser, head of forecasts at ifo.

Firms in Germany have raised investment plans, with ifo expectations rising to 0.2 points in March from -3.1 in December 2025.
Industry led gains, especially non-energy sectors, while energy-intensive segments and chemicals remained weak.
Services showed modest optimism, but trade stayed pessimistic.
Rising energy costs and geopolitical uncertainty temper recovery.

The most notable rise in the willingness to invest was in industry. Expectations rose to +0.1 points in March, up from -6.9 points in December. The outlook improved particularly strongly in non-energy-intensive industries, where significantly more companies were planning to expand their investments this year, ifo said in a press release.

In energy-intensive industries, however, the willingness to invest remains subdued. At -9 points in March, the balance remained virtually unchanged from December (-8.9 points). In the chemical industry, investment expectations even declined further, from -15.8 to -16.2 points.

Overall, the corresponding balance in manufacturing rose from -4.1 to +1.2 points. “Companies across all sectors also want to invest more in software. The growing use of artificial intelligence is likely to play a role in that,” said ifo economic expert Lara Zarges.

In trade, companies remain the most pessimistic. The balance of investment expectations stood at -9.6 points in March, virtually unchanged from the level in December. Service providers, on the other hand, confirmed their slightly positive outlook from December: Their investment expectations improved from +1.1 to +2.8 points.

The points for the ifo investment expectations indicate the percentage of companies that intend to increase their investments on balance.

Fibre2Fashion News Desk (SG)



Source link

Continue Reading

Trending