With regards to the deadline of March 28th at noon 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 sustain tech company’s vision is to make fashion circular.
