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Nike, H&M join Circular Fibres initiative promoting circular economy

The Ellen MacArthur Foundation, a U.K. charity founded in 2010 to promote and support the “circular economy,” a production shift from the traditional "make, use, dispose" model to more sustainable methods that maximize the use of resources, on Thursday announced the launch of a Circular Fibres Initiative aimed to support such innovations in the fashion industry, according to a press release.