US' Tapestry ups stake in Gen Phoenix to 9.9%, signs 3-year pact

Jul 18, 2025 - 08:00
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US' Tapestry ups stake in Gen Phoenix to 9.9%, signs 3-year pact
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.

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