Tapestry, Inc. (NYSE:TPR) increases stake in Gen Phoenix, a sustainable leather manufacturer, as part of a $15 million funding round. The partnership aims to reach younger consumers interested in eco-friendly products, following the success of Coach’s Gen-Z-focused Coachtopia brand using recycled leather fibers. TPR is known for owning Coach, Kate Spade, and Stuart Weitzman brands.

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Read more at Yahoo Finance: Tapestry (TPR) Boosts Stake in Gen Phoenix to Expand Eco-Leather Offerings