Can a 250-million-euro ‘Circularity Fund’ make Shein circular?

It may seem strange indeed to hear ultra-fast fashion giant Shein boasting of circularity measures: The company has launched a new 200 million euros “Circularity Fund” in the EU and the UK plus a further 50 million euros for “broader ESG measures”, planning to invest a total of 250 million euros in circularity over the next five years. However, as the lead investor, the Singapore-based company will also invite global corporates, financial institutions and sovereign wealth funds to contribute capital to the fund as well.