Overview

• Tapestry’s latest $15 million equity infusion raises its ownership in Gen Phoenix to 9.9 percent.
• Under the agreement, Gen Phoenix will supply recycled leather fibers to Tapestry brands for the next three years.
• The partnership began in 2022 with Coach’s Coachtopia line, which uses at least 50 percent recycled leather to appeal to Gen Z shoppers.
• Gen Phoenix plans to expand its UK production facility, enter new international markets and accelerate development of post-consumer circular leather solutions.
• Tapestry’s deepened collaboration reflects its drive to lower carbon footprints, strengthen supply-chain resilience and win eco-conscious consumers