
On its Circular Startup Index, the Ellen MacArthur Foundation is releasing a list of textile and fashion enterprises that includes Neiman Marcus, Tapestry, and Chloé alongside seamstresses, tailors, and resale marketplaces like Vestiaire Collective.
The foundation’s current searchable circular startup database, created to provide firms with leads to pursue in their own transition to a circular economy, now has 500 names after the addition of new names, making it the full version of the database.
Those 500 firms are believed to be the most comprehensive list of active circular business operators in the world, representing a variety of sectors, industries, and locations around the world.
Sojo, a London-based app that connects users with seamstresses and tailors to alter pre-owned or vintage clothing, By Rotation, a wardrobe lending platform, and Recurate, a resale-as-a-service platform, are examples of textile startups listed in the database.
These companies have agreements for secondhand sales with Tommy Hilfiger, 7 For All Mankind, Michael Kors, and Mara Hoffman.
According to the 2022 research from the thredUp resale platform, the value of resale platforms alone would be worth an estimated US $ 42 billion globally by 2027. The research also predicted that US $ 350 billion would be spent worldwide that year on used goods.
The majority of the database’s enterprises were already members of the foundation’s community and were chosen for adopting one or more circular economy principles in their business strategies. They include reducing waste and pollution, moving goods and commodities around, and regenerating the environment.
The largest obstacle for entrepreneurs looking to build circular enterprises is finance, so the index is created to link innovation with capital.






