With consumers becoming increasingly eco-aware, H&M owned fashion brand Cos is launching a new “Re-sell” platform in the UK and Germany later this month. It will allow consumers to sell their old Cos clothing as well as search for used items. Sellers will pay a ten per cent fee on the revenues they generate.
The circular economy is becoming ever stronger and global revenues from fashion resale are expected to reach US $64bn over the next five years.
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