#Making-Up

2021-06-23

Coloreel is nominated for the Encouragement for action 2021, Fashion innovation award

The award is given to digital and innovative advances that lead to positive and sustainable changes in the textile and fashion industry.

Coloreel Group AB has been nominated for the prestigious Encouragement for action 2021 award in the category of Fashion innovation.

It encourages companies and individuals that use a new perspective or technology to connect the fashion industry with progressive development. The nominees are selected by an eight persons strong independent jury with representation from the Nordic textile and fashion industry.

Mattias Nordin, CEO, Coloreel, comments;

“We are honoured to be nominated to the Encouragement for action 2021, Fashion innovation award by the Stockholm Fashion District. This confirms that our technology for digital coloring of thread on demand, that creates sustainable and creative fashion details, is a true innovation that supports the textile and fashion industries efforts to reduce the environmental impact.”

Read more about the nomination here:

https://www.stockholmfashiondistrict.se/nyhet/nu-avslojas-de-nominerade-till-encouragement-for-action-2021/

Coloreel Group AB files for bankruptcy

Coloreel Group AB, a pioneering Swedish technology company known for its instant thread dyeing technology, today announced that it has filed for bankruptcy. The decision comes after the company's inability to develop its business volume quickly enough and, related to this, secure the necessary financing.

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