
Coach parent Tapestry invests in Gen Phoenix to scale sustainable leather
By Reuters Published July 15, 2025 Tapestry Inc., the New York–based parent company of Coach and Kate Spade, will invest $15 million in Gen Phoenix, a UK-based recycled leather innovator, to expand its sustainable materials strategy across its fashion portfolio, the companies told Reuters. The deal raises Tapestry’s stake in Gen Phoenix to 9.9%, signaling…