PUMA and CARBIOS break barriers with first 100% fibre-to-fibre recycled clothing

PUMA and CARBIOS break barriers with first 100% fibre-to-fibre recycled clothing

PUMA, in partnership with a multi-brand consortium, has unveiled the world’s first clothing piece made entirely from textile waste using CARBIOS’ cutting-edge biorecycling technology. The debut item, a plain white T-shirt, is constructed from mixed and coloured textile waste, making it a significant leap toward achieving 100% “fibre-to-fibre” recycling. CARBIOS’ revolutionary enzymatic technology disassembles polyester […]

Kering sells 6% stake in sportswear manufacturer Puma for €655m

Kering sells 6% stake in sportswear manufacturer Puma for €655m

French luxury goods company Kering has divested a stake of around 5.9% in German sportswear manufacturer Puma for about €655.6 million or €74.50 per Puma share. The stake was sold via an accelerated bookbuilding process to qualified investors. The French luxury goods company will use the proceeds of the deal for its general corporate purposes […]