The circular economy has fast become the most popular concept in the fashion industry. This concept aims to make a closed loop for products in the “cradle-to-cradle” design. The issue of waste in the fashion industry is most severe in Hong Kong. According to the city’s Environmental Protection Department1, there are with more than 340 tons of waste dumped each day into the city’s overflowing landfills. Besides looking at ways to increase resource efficiency, several Hong Kong fashion companies and research institutes started to focus on recycling technology development. Though key innovations are not yet implemented on large scale, some experimental operations have been launched. On the other hand, a new business model for fashion recycling has also emerged globally. In the section, global and local models will be presented.