Tapestry Strengthens Commitment to Sustainable Leather with Increased Stake in Gen Phoenix
New York, NY – July 16, 2025 – Tapestry, Inc. (NYSE: TPR), the leading American luxury lifestyle company renowned for its iconic brands Coach, Kate Spade, and Stuart Weitzman, announced today its significant increase in its stake in Gen Phoenix, a company specializing in the recycling and upcycling of leather. This strategic move underscores Tapestry’s deepening commitment to advancing sustainable practices within its supply chain, particularly in the crucial area of leather sourcing.
The enhanced investment in Gen Phoenix, a company recognized for its innovative approach to transforming leather waste into high-quality, recycled materials, signals Tapestry’s proactive strategy to secure a more sustainable and responsible supply of leather for its diverse portfolio of brands. By bolstering its partnership with Gen Phoenix, Tapestry aims to not only reduce its environmental footprint but also to foster a more circular economy within the fashion industry.
This development is particularly significant given the increasing consumer demand for ethically and sustainably produced goods. Luxury consumers, in particular, are demonstrating a growing preference for brands that prioritize environmental stewardship and responsible sourcing. Tapestry’s investment aligns with this trend, positioning the company to meet these evolving expectations while also driving meaningful change within the industry.
Gen Phoenix’s proprietary technologies allow for the efficient processing of pre- and post-consumer leather waste, diverting it from landfills and transforming it into valuable raw materials. These recycled leather products can then be utilized in a variety of applications, offering a compelling alternative to virgin leather. This not only reduces the environmental impact associated with traditional leather production, such as water usage and chemical processing, but also addresses the significant challenge of textile waste.
A spokesperson for Tapestry commented on the investment, stating, “We are delighted to deepen our relationship with Gen Phoenix. This strategic investment is a testament to our unwavering dedication to sustainability and our belief in the transformative power of Gen Phoenix’s innovative recycling solutions. By increasing our stake, we are further integrating sustainable leather into our supply chain, enabling us to offer our customers products that are both beautiful and responsible. This collaboration is a key pillar in our broader environmental, social, and governance (ESG) strategy.”
The increased stake is expected to provide Tapestry with greater access to Gen Phoenix’s recycled leather materials, allowing for their more widespread integration across Coach, Kate Spade, and Stuart Weitzman product lines. This collaboration is anticipated to foster further innovation in material science and contribute to the development of next-generation sustainable leather alternatives.
This initiative represents a significant step forward for Tapestry in its journey towards a more sustainable future, demonstrating a tangible commitment to reducing waste and promoting responsible consumption within the luxury fashion sector. The company continues to explore strategic partnerships and investments that align with its vision of creating beautiful products with a positive impact on the planet.
Tapestry ups Gen Phoenix stake to boost sustainable leather supply
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