Tapestry has increased its equity stake in Gen Phoenix to 9.9 per cent, nearly quadrupling its initial 2023 investment.
The expanded partnership includes a three-year supply deal and supports Gen Phoenix’s $15 million funding round.
It aims to scale circular leather innovation, reinforce sustainable supply chains, and meet demand for next-gen, eco-conscious materials.Tapestry has increased its equity stake in Gen Phoenix to 9.9 per cent, nearly quadrupling its initial 2023 investment.
The expanded partnership includes a three-year supply deal and supports Gen Phoenix’s $15 million funding round.
It aims to scale circular leather innovation, reinforce sustainable supply chains, and meet demand for next-gen, eco-conscious materials.
US’ Tapestry ups stake in Gen Phoenix to 9.9%, signs 3-year pact
