Overview

• Tapestry led a $15 million Series round on July 15, lifting its ownership of Gen Phoenix to 9.9 percent.
• The deal locks in a three-year supply of recycled leather for Coach, Kate Spade and Stuart Weitzman collections.
• The collaboration traces back to 2022’s Coachtopia launch, targeting Generation Z shoppers with at least 50 percent recycled leather fibers.
• Gen Phoenix’s materials claim roughly an 80 percent reduction in carbon footprint compared with virgin leather.
• Gen Phoenix will use the new capital to scale its Peterborough facility, enter new product categories and advance its closed-loop leather platform.