Gen Phoenix, a number one sustainable recycled leather-based fiber materials producer at scale, at this time 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 Collection spherical led by enterprise capital agency, Materials Impression. As a part of the spherical, Tapestry has elevated its fairness stake in Gen Phoenix to 9.9%, practically quadrupling its preliminary 2023 funding.
Tapestry has elevated its fairness stake in Gen Phoenix to 9.9 per cent, practically 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,” mentioned 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 Impression
The partnership between Gen Phoenix and Tapestry—first initiated in 2022—has developed far past a typical vendor relationship, serving as a blueprint for the way manufacturers and materials innovators can co-create sustainable options. The 2 firms have labored side-by-side—sharing R&D entry, manufacturing facility flooring, and design perception—to engineer a cloth that honors the heritage of leather-based Tapestry manufacturers are identified for whereas extending its life by 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,” mentioned 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 firms’ sustainability and enterprise objectives:
For Tapestry, it delivers provide chain resilience, high quality efficiency, and alignment with next- gen customers’ values. For Gen Phoenix, the collaboration additional validates the scalability and business potential of its materials platform—proving it could possibly meet the three key standards that matter most to main manufacturers: worth, efficiency, and planet. In different phrases, delivering sustainability with out compromising on worth or high quality.
By Gen Phoenix’s $15 million funding spherical, the corporate shall be enabled to:
Increase into new classes and international 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 absolutely round leather-based answer that integrates post-consumer and end-of-life waste.
As luxurious retail manufacturers more and more embrace a pattern Gen Phoenix calls ‘luxcycling’ – the usage of modern supplies and proprietary manufacturing processes to increase the lifespan of luxurious vogue and equipment merchandise whereas sustaining the heritage and high quality requirements – this expanded partnership underscores how Gen Phoenix and Tapestry proceed to pave the best way in round leather-based innovation for an industry-wide transformation towards sustainable luxurious supplies.
Word: 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.
