Tapestry expands its partnership with Gen Phoenix by increasing its equity stake to 9.9% and signing a new three-year contract, reinforcing its commitment to sustainability and innovation in the textile sector.

Information on the Target

Gen Phoenix is a pioneering manufacturer of sustainable recycled leather fiber materials, specializing in transforming post-consumer waste into high-quality textile alternatives. With a focus on environmental sustainability, the company has established itself as a leader in the sustainable materials sector, catering to brands looking to market eco-friendly products.

As part of its mission, Gen Phoenix aims to create scalable solutions that address the global demand for sustainable materials in the fashion and textile industries. Through innovative production techniques, it ensures that its materials not only meet industry standards but also contribute to the reduction of waste and carbon footprints.

Industry Overview in the Target’s Country

The sustainable materials industry is experiencing rapid growth, driven by increasing consumer awareness and demand for eco-friendly alternatives. In the United States,