The UK’s leading circular and sustainable fashion enabler Advanced Clothing Solutions (ACS), has secured an investment of £10m from Circularity Capital, a specialist growth equity fund manager.
ACS processes 400K orders per year across menswear womenswear and babywear with 3 million items of stock currently on-site, while cleaning 45,000 garments per week, steaming 1400 Jackets every hour, eliminating 99.8% of viruses via its pioneering O₃ Ozone cleaning method, with 200,000 Square Ft purpose-built facility having state-of-the-art garment handling technology.
ACS has deep-rooted links with brands and retailers, including Moss Bros, Slaters Menswear, Monsoon and LK Bennett, providing a complete rental, subscription and resale service with storage for more than three million items of clothing.
Chief Executive Officer of ACS Andrew Rough, said: “I am delighted to partner with Circularity Capital, this strategic partnership recognizes our objective of creating one of Europe’s largest circular fashion solutions providers specializing in clothing rental, subscription, and resale.“
Andrew Shannon, the founding partner at Circularity Capital, added: “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.”
