Fashion flameout.

Bloomberg reports on the myriad challenges facing companies looking to sell recycled textiles to fast fashion companies. To wit, one such startup, Renewcell, filed for bankruptcy in February.

Key quote: “You are up against cotton, but then you’re also up against synthetics, which are based on oil and are probably going to get cheaper" as fossil fuel majors look for new markets.

Headshot of Cat Clifford

Cat Clifford

Senior Science and Economics Correspondent