We are thrilled to announce the completion of our comprehensive survey on circular business models in the UK fashion industry. Working with Newton Europe, we have gathered insights from brands and retailers of differing sizes and across market segments, representing approximately one-third of the UK fashion market.
Whilst 81% of surveyed organisations have circularity as part of their five-year strategy, 82% have already implemented at least one circular initiative. However, whilst industry is making strides towards circular business models, there are challenges and barriers to scale, with majority of the respondents calling for the government to provide support in different ways.
Hold tight whilst we develop our survey findings and insights into a comprehensive report due later this year.