Circular and sustainable fashion enabler Advanced Clothing Solutions (ACS) has partnered with Circularity Capital, with an investment of £10 million.
- The investment will support the further expansion of ACS’ enabling solution to meet demand of a growing fashion rental industry.
- Specialist growth equity fund manager Circularity Capital invests in European SMEs operating within the circular economy.
The Work So Far: ACS is UK's largest circular fashion enabler, and works with fashion brands and retailers to support them in their journey of offering fashion in a circular format, through rental, subscription and resale models.
- The scale of ACS’s current facility is vast, ensuring more than 6 million clothing garments are kept in circulation every year.
- The company provides a complete rental, subscription and resale fulfilment service, managing the entire process from its purpose-built facility. Its warehouse can store more than three million clothing items and processes in excess of 6 million units per year.
- From environmentally-friendly cleaning to brand authentication, garment repair, photography, tailored branded packaging and delivery, ACS takes care of the whole process of returns and resale for all fashion goods and accessories.
- Using ozone technology to sanitise garments, ACS employs microplastic filters to minimise water pollution and recycles the by-product to make building bricks.
- ACS works with a variety of fashion brands and retailers, both directly and indirectly through its partners, providing circular fashion rental, subscription and resale capabilities.
- Its list of customers covers high-street menswear brands such as Moss Bros and Slaters Menswear, and womenswear brands such as Monsoon and LK Bennett.
What They Said:
Circularity has a proven track record in playing a proactive role in supporting the growth of circular businesses. Offering so much more than just finance, the organisation will prove pivotal in delivering our goal of helping more fashion businesses to embrace rental, subscription and resale models.
— Andrew Rough
Chief Executive Officer
Advanced Clothing Solutions
The average European throws away 11kg of textiles every year, and around the world a truckload of textiles is landfilled or incinerated every second. ACS provides the capabilities and processes to enable retailers to scale their rental, subscription and resale ambitions with ease, transforming the industry from a traditional take-make-dispose model to one of reuse and resale.
— Andrew Shannon
Founding Partner
Circularity Capital
