Circular Fashion
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Percentil a subsidiary of MySize Expands Second-Hand Fashion Distribution Across Europe Through Amazon Marketplace
Prnewswire· 2026-01-28 13:00
Core Insights - MySize Inc. has announced the expansion of its circular fashion subsidiary, Percentil, into the European second-hand fashion market through Amazon's marketplace, starting with Spain [1][2]. Industry Overview - The European second-hand apparel market is estimated to be a €30–40 billion opportunity and is growing faster than the primary apparel market, driven by increasing consumer adoption of circular fashion and online marketplaces [3]. - Spain is identified as an attractive entry point for this expansion, with over 90% of Spanish online shoppers using Amazon annually [3]. Company Strategy - Percentil's collaboration with Amazon allows it to access a broad base of European consumers while maintaining control over sourcing, quality standards, pricing, and inventory selection [2][4]. - At launch, Percentil has over 100,000 authenticated second-hand items available for allocation to Amazon, having processed over 12 million items historically from more than 70,000 fashion brands [4][6]. - Percentil's own marketplace remains the primary sales platform, while Amazon serves as a complementary channel to improve inventory rotation and expand consumer reach without additional fixed-cost investments [5][6]. Future Outlook - The initial rollout in Spain is seen as a potential blueprint for future expansion into additional European markets, with a multi-channel approach enhancing Percentil's ability to scale and respond to demand signals [7][8].
Leandra Medine Cohen Sells Her Closet on eBay
Prnewswire· 2025-12-11 14:00
Core Insights - Leandra Medine Cohen is selling over 30 curated pieces from her personal fashion archive on eBay, featuring brands like Celine, Prada, and Maison Margiela, with auctions running until December 18 [1][2][3] - The auction starts at $0.99 for each item, and proceeds will benefit Sharsheret, a nonprofit organization supporting Jewish women and families affected by breast and ovarian cancer [3][4] Company and Industry Overview - eBay is launching "From the Collection: Leandra Medine Cohen" as part of a series that features exclusive drops from influential figures in fashion and entertainment [2][4] - The initiative emphasizes the concept of circular fashion, allowing icons to pass on cherished items, thereby promoting sustainability and inspiring consumers to engage with pre-loved fashion [4] - eBay's platform enables a global marketplace, having facilitated $75 billion in gross merchandise volume in 2024, showcasing its significant role in the online commerce landscape [6]
French Retailer Kiabi Joins Denim Deal
Yahoo Finance· 2025-12-04 18:45
Core Insights - Denim Deal is expanding its influence in France with the addition of French brand Kiabi, which aims to enhance collaborative efforts in sustainable denim production [1][2][3] Group 1: Membership and Commitment - Kiabi's membership in Denim Deal signifies its commitment to sustainable sourcing and the goal of achieving 100% sustainable fibers by the end of the year [2] - The brand emphasizes its intention to actively participate in Europe's industrial transformation and to promote measurable circularity in denim production [3] Group 2: Industry Goals and Collaboration - Denim Deal aims to produce 1 billion pairs of jeans with at least 20% post-consumer recycled cotton by 2030, involving over sixty organizations from ten countries [3] - The organization hosted events in Paris and Lille to showcase circular business models and discuss the commercial viability of circular ambitions [4][5] Group 3: Expansion and Global Reach - Denim Deal has expanded its operations to India through partnerships aimed at enhancing textile sustainability [6]
24/7 Market News- Kraig Labs Spider Silk Poised to Lead the Sustainable Textile Revolution
Globenewswire· 2025-10-17 12:45
Core Insights - Circular fashion is gaining traction as an ethical necessity and a significant economic opportunity within the $1.5 trillion global apparel industry [1][2] - The circular fashion market is projected to exceed $200 billion by 2030, driven by consumer demand, ESG mandates, and regulatory changes [2] - Kraig Biocraft Laboratories is positioned to lead this transformation with its biodegradable spider silk technology [1][3] Industry Overview - The circular fashion model aims to eliminate 92 million tons of textile waste produced globally each year [2] - Governments and major fashion brands are accelerating their sustainability efforts, aligning with circular economy principles [2][7] - The luxury fashion market is expected to surpass $330 billion by 2030, with sustainable fashion growing faster than the overall industry [6] Company Positioning - Kraig Labs' spider silk is a renewable and biodegradable alternative to synthetic fibers, offering superior strength and elasticity [3][4] - The company utilizes existing silk production infrastructure to create a scalable supply chain for spider silk, enabling apparel brands to replace unsustainable materials [5] - Kraig Labs has a strong intellectual property portfolio and is ramping up commercial-scale production to meet the demand for sustainable textiles [7] Economic Potential - A mere 0.5–1% share of the luxury market using spider silk could yield annual sales between $1.25 billion and $3.3 billion [8] - The synthetic spider silk market is projected to reach $7 billion by 2030, with apparel applications potentially accounting for $1.4–$2.1 billion [8] - Circular fashion principles facilitate take-back programs and closed-loop recycling, enhancing the sustainability narrative and lifecycle economics [6] Strategic Opportunities - Kraig Labs is forming strategic partnerships with eco-luxury brands seeking sustainable alternatives [14] - There is a growing institutional interest in ESG-aligned textile supply chains, driven by rising consumer demand for biodegradable clothing [14]
eBay Puts Circular Fashion on Runways Around the World
Prnewswire· 2025-09-10 13:00
Core Insights - The eBay Endless Runway initiative is gaining momentum as over a dozen leading designers from major fashion capitals are incorporating pre-loved fashion into their S/S2026 runway shows [1][2] - eBay aims to showcase the potential of circular fashion on the industry's biggest stages, partnering with major fashion councils and designers [3] Market Overview - The pre-loved and resale apparel market reached $256 billion in 2025, with projections exceeding $356 billion by 2029 [3] - eBay's initiative represents a significant endorsement from top fashion ranks, supporting the mission of promoting circularity and sustainability in fashion [3] Event Details - eBay will host live, shoppable Endless Runway shows in New York and London, allowing viewers to shop in real-time and participate in the circular economy [3][4][5] - The New York show will feature pre-loved looks from designers like Altuzarra and Eckhaus Latta, with proceeds benefiting the CFDA Foundation [4] - The London show will showcase designs from prominent names at LFW, with proceeds supporting the BFC Foundation [5] Participating Designers - Designers participating in the initiative include Moschino, Eckhaus Latta, Conner Ives, and others from New York, London, Milan, and Paris [2][7]
MySize Inc. Acquires Key Assets of Percentil: Expanding into Circular Fashion and Re-Commerce
Prnewswire· 2025-05-12 13:49
Core Viewpoint - MySize, Inc. has acquired key assets of Percentil, a second-hand fashion marketplace, to enhance its B2B and B2C portfolio and align with upcoming EU regulatory requirements for sustainable fashion [1][9]. Company Strategy - The acquisition aims to reposition Percentil as a premium marketplace focused on higher-value items, reflecting consumer demand for quality and sustainability [3][4]. - MySize's strategy emphasizes building a profitable, scalable, and sustainable circular fashion business from the outset, prioritizing cash-efficient scaling and EBITDA-positive returns [4][5]. Financial Details - The total transaction value for the acquisition is approximately €610,000 (about $679,000), including a cash payment of €40,000 (approximately $44,500) and the assumption of liabilities totaling around €570,000 (approximately $634,500) [4]. - MySize anticipates that the Percentil business unit will generate $1.5 million in revenues in the second half of 2025, representing a projected 25% increase in total revenue [4]. Market Positioning - The acquisition is strategically timed to align with EU regulations requiring brands to implement reuse and recycling frameworks, positioning Percentil as a key partner for fashion brands [9][10]. - The total addressable market for second-hand and circular fashion in Western Europe is projected to exceed $25 billion by 2027 [6]. Integration and Synergies - MySize plans to integrate its proprietary AI technology into Percentil's platform to optimize pricing, enhance product recommendations, and improve operational efficiency [8]. - The acquisition creates synergies with existing MySize portfolio companies, such as Naiz Fit and Orgad, to enhance logistics and reduce returns [7]. Operational Assets - MySize acquired select operational assets from Percentil, including a central warehouse, quality control systems, and a stock of over 120,000 quality-vetted garments [12].
eBay Appoints Brie Welch as Resident Stylist and Debuts 'eBay Watchlist' Trend Report
Prnewswire· 2025-05-01 13:00
Core Insights - eBay is enhancing its focus on pre-loved fashion through the launch of the eBay Watchlist, which is informed by shopper data and trends identified by fashion authority Brie Welch [1][2][4] - The cultural shift towards pre-loved fashion is significant, with nearly 40% of clothing, shoes, and accessories sold on eBay in 2024 being categorized as pre-loved [2] - eBay aims to promote circularity in fashion, encouraging consumers to engage with the circular economy and making pre-loved fashion a mainstream choice [4][5] Company Overview - eBay Inc. is a global commerce leader that connects buyers and sellers across more than 190 markets, enabling $75 billion in gross merchandise volume in 2024 [7] - The company has been operational for 30 years, focusing on refreshing wardrobes and facilitating the exchange of items [5] Fashion Trends - **Modern Bohemia**: A rise in romantic bohemian styles, with searches for classic fringe bags up 41% and Penny Lane jackets up 44% [8] - **Well Suited**: Power dressing is resurging, with searches for "cinched blazer" and "oversized suit" increasing by 209% and 87% respectively [8] - **Function First**: Utilitarian fashion is gaining popularity, with searches for "barrel jeans" up 130% [8] - **Dyed in Dusk**: Pastel tones and playful details are trending, with butter yellow dresses seeing a 656% increase in searches [8] - **Blue Hues**: Denim remains a favorite, with searches for "jeans from Japan" and "selvedge denim" up 68% and 46% respectively [8]