👚 What impact will Shein's €200m circularity fund have on the fashion industry in the EU and UK? 👗 Vote in our #polloftheweek 📊 Online fast fashion platform, Shein, announced that it will set up a €200m circularity fund in the EU and UK in a bid to create a future-proofed fashion industry. The platform will need to comply with the Digital Services Act by the end of August. The Singapore-based company said it will help businesses throughout Europe and the UK developing next-generation technologies and solutions, by investing in start-ups working with recycled materials innovation and entering commercial partnerships with start-ups that work in recycled materials. How impactful do you think this will be? 🤔 🎯 Significant positive impact, driving sustainability and innovation 🎯 Moderate impact, some improvements in recycling and circularity 🎯 Minimal impact, limited to a few start-ups 🎯 No impact, a marketing strategy without real change #Sustainability #FashionInnovation #CircularEconomy #Recycling #DigitalServicesAct #FashionIndustry #EU #EUPolicy #EURegulations
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