With regards to the deadline of March 28th at 12:00pm CET for receiving purchase offers, the Renewcell Bankruptcy Trustee confirms that multiple bids have been submitted for the business and assets of the estate. These offers will undergo a thorough review process, with a final closing expected in the middle of April. For any inquiries or further questions regarding the Renewcell estate, please direct them to Lars-Henrik Andersson at Cirio Advokatbyra, who will be handling all related matters.
About Renewcell March
Re:NewCell AB (“Renewcell”) developed a patented process that enables the recycling of cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called CIRCULOSE®. Fast Company named Renewcell one of the World’s Most Innovative Companies in 2021, as well as a World Changing Idea in 2023. CIRCULOSE® was also included on TIME Magazine’s list of the 100 Best Inventions 2020. Founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, the award-winning, Sweden-based sustaintech company’s vision is to make fashion circular.
