Gen Phoenix, a number one sustainable recycled leather-based fiber materials producer at scale, as we speak introduced a brand new chapter in its ongoing partnership with Tapestry, Inc. (NYSE: TPR)—the home of iconic manufacturers together with Coach, Kate Spade, and Stuart Weitzman. The partnership features a three-year, contracted provide settlement, together with an elevated funding from Tapestry as a part of Gen Phoenix’s $15 million Sequence spherical led by enterprise capital agency, Materials Influence. As a part of the spherical, Tapestry has elevated its fairness stake in Gen Phoenix to 9.9%, almost quadrupling its preliminary 2023 funding.
Tapestry has elevated its fairness stake in Gen Phoenix to 9.9 per cent, almost quadrupling its preliminary 2023 funding.
The expanded partnership features a three-year provide deal and helps Gen Phoenix’s $15 million funding spherical.
It goals to scale round leather-based innovation, reinforce sustainable provide chains, and meet demand for next-gen, eco-conscious supplies.
This multi-faceted partnership solidifies Gen Phoenix’s function as a core materials innovation accomplice to Tapestry manufacturers, enabling entry next-generation supplies at unprecedented scale and consistency.
“This expanded partnership marks a major milestone—not just for Gen Phoenix, but for the future of sustainable materials,” stated John Kennedy, CEO of Gen Phoenix. “Together with Tapestry, we’re proving that circular innovation can meet the demands of global brands without compromise. It’s a powerful example of what happens when you combine material innovation, leather heritage, shared values, and a commitment to scale.”
A Partnership Constructed for Scale, Resilience, and Influence
The partnership between Gen Phoenix and Tapestry—first initiated in 2022—has advanced far past a typical vendor relationship, serving as a blueprint for the way manufacturers and materials innovators can co-create sustainable options. The 2 corporations have labored side-by-side—sharing R&D entry, manufacturing facility flooring, and design perception—to engineer a fabric that honors the heritage of leather-based Tapestry manufacturers are identified for whereas extending its life by way of round transformation.
“This investment reflects our belief in the power of innovation to drive both purpose and profit. Gen Phoenix’s platform enables circularity at scale—delivering high-quality materials that meet the style, performance, and impact expectations of today’s consumer,” stated Scott Roe, Tapestry Chief Monetary Officer and Chief Working Officer. “As global leader in quality leather goods, we see significant opportunity to be a catalyst of next-generation materials that are consistent with our heritage of craftsmanship. This partnership reinforces our commitment to leading the fashion industry in sustainable innovation and ensuring a resilient, future-ready supply chain.”
Fueling the Way forward for Round Supplies with New Funding
Tapestry’s newest funding advances each corporations’ sustainability and enterprise targets:
For Tapestry, it delivers provide chain resilience, high quality efficiency, and alignment with next- gen shoppers’ values. For Gen Phoenix, the collaboration additional validates the scalability and industrial potential of its materials platform—proving it could meet the three key standards that matter most to main manufacturers: value, efficiency, and planet. In different phrases, delivering sustainability with out compromising on value or high quality.
By way of Gen Phoenix’s $15 million funding spherical, the corporate will probably be enabled to:
Increase into new classes and world markets. Scale its manufacturing infrastructure at its U.Ok. facility, which has capability for 60+ million ft² yearly. Speed up R&D and commercialization of its totally round leather-based resolution that integrates post-consumer and end-of-life waste.
As luxurious retail manufacturers more and more embrace a development Gen Phoenix calls ‘luxcycling’ – using progressive supplies and proprietary manufacturing processes to increase the lifespan of luxurious trend and equipment merchandise whereas sustaining the heritage and high quality requirements – this expanded partnership underscores how Gen Phoenix and Tapestry proceed to pave the way in which in round leather-based innovation for an industry-wide transformation towards sustainable luxurious supplies.
Notice: The headline, insights, and picture of this press launch might have been refined by the Fibre2Fashion employees; the remainder of the content material stays unchanged.
