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Gen Phoenix Secures $15M Investment Round as Tapestry Expands Strategic Partnership with Supply Agreement
Prnewswire· 2025-07-15 08:00
Core Insights - Gen Phoenix has announced an expanded partnership with Tapestry, including a three-year supply agreement and a $15 million investment round led by Material Impact, increasing Tapestry's equity stake to 9.9% [1][5] - The partnership aims to innovate sustainable materials, enhancing the supply chain resilience and aligning with consumer values for sustainability [4][7] Company Overview - Gen Phoenix specializes in sustainable recycled leather fiber materials, utilizing a circular process to transform leather offcuts into premium materials [6][8] - Tapestry is a global house of brands, including Coach, Kate Spade, and Stuart Weitzman, committed to craftsmanship, innovation, and sustainability [9] Partnership Dynamics - The collaboration has evolved into a strategic partnership, focusing on co-creating sustainable solutions and sharing resources such as R&D and design insights [3][4] - The partnership is positioned as a blueprint for integrating material innovation with brand heritage, aiming for a significant impact on the fashion industry's sustainability efforts [3][5] Investment and Growth - Tapestry's investment will enable Gen Phoenix to scale production, expand into new markets, and enhance R&D for fully circular leather solutions [7] - Gen Phoenix's production facility in the U.K. has the capacity to produce over 60 million square feet of material annually, supporting the growing demand for sustainable luxury materials [7][8]
Moore & Giles Elevates Customer Experience and Brand Agility with BigCommerce
GlobeNewswire News Room· 2025-05-15 12:00
Core Insights - BigCommerce has partnered with Moore & Giles to launch new DTC and B2B websites, enhancing their digital presence and operational efficiency [1][2][8] Group 1: Platform Features and Benefits - The new websites are built on BigCommerce's flexible Stencil framework, allowing Moore & Giles to execute bold marketing and merchandising strategies [2][3] - The implementation includes ERP and PIM integrations for real-time syncing of product, pricing, and inventory data, improving operational efficiency [3][4] - The DTC site accommodates three distinct product categories: Finished Goods, Furniture, and Wholesale Leather, each tailored to its audience [4] Group 2: Customer Experience Enhancements - Key features of the new storefronts include a 360° Product Viewer, Dynamic Product Badging, and Enhanced Filtering for improved product discovery [5] - The B2B storefront streamlines sample ordering for trade professionals, enhancing efficiency and maintaining consistency across interactions [4][5] - Gated content by customer group ensures a curated experience for logged-in users, showing custom product assortments and pricing [5] Group 3: Marketing and Content Management - The marketing team benefits from a highly agile content management setup with over 30 custom widgets and drag-and-drop functionality, reducing time to market [6] - Since the launch, Moore & Giles has seen measurable improvements in design flexibility, site speed, and overall performance [7] Group 4: Recognition and Industry Position - Moore & Giles received the 2025 Shopper Experience Award from BigCommerce, recognizing their exceptional customer and user experiences [8] - The company joins a growing list of fashion and apparel brands utilizing BigCommerce, indicating the platform's increasing adoption in the industry [9]