LONDON — Fashion rental service Onloan has announced that it is to put its business on hold from the middle of next month due to the impact of the pandemic and difficulty in raising finance.
Onloan, which launched pre-COVID-19 and traded throughout lockdown, said it had made the decision “with great sadness” and that it would continue to seek new investment.
CEO Tamsin Chislett and creative director Natalie Hasseck said they hoped to revive Onloan which they insisted had proved popular with consumers, with demand outstripping supply.
Already have an account? Log In
Recommended
Most Popular
Latest Magazine
Features
Why China’s new wastewater standard is only one part of a broader shift spanning environmental law
As Brussels switches on its product passport registry, fashion’s supply chain data gaps threaten a bumpy rollout
As green claims face closer regulatory scrutiny liability no longer sits solely with the brands
News
Preview of our Textile Standards & Legislation Guide
China’s strengthened rules make officials personally accountable for serious environmental damage
New process to strip reactive dyes from cotton could benefit textile-to-textile recycling
Opinion
European factory closures show costs, geography and demand decide which materials survive
Other publications from MCL News & Media
