July 15, 2025 04:07 PM Eastern Daylight Time
Tapestry is proud to announce our deepened partnership with Gen Phoenix, a leading sustainable recycled leather fiber material manufacturer at scale. The partnership includes a new three-year contract and investment from Tapestry, increasing our equity stake in Gen Phoenix to 9.9%, nearly quadrupling our 2023 investment.
The partnership will fortify Tapestry supply chain resilience and help to further align with our next-gen consumers, while allowing Gen Phoenix to expand its scalability and commercial potential. For both, it symbolizes an ongoing commitment to sustainability and materials innovation.
Read the full Gen Phoenix press release on PRNewswire: https://www.prnewswire.com/news-releases/gen-phoenix-secures-15m-investment-round-as-tapestry-expands-strategic-partnership-with-supply-agreement-302505015.html
