Lululemon Makes Minority Investment in Samsara Eco
May 18, 2023
Announced Thursday, the athleticwear brand made a minority investment in Australian start-up Samsara Eco, a company that has a patented enzymatic process which breaks down high-performance nylon and polyester polymer blends for use as new fibers. Details were not disclosed but Lululemon is the first equity apparel partner in Samsara Eco. Last year, Samsara, which boasts the tagline of “infinite plastic recycling,” raised series A funding worth $56 million Australian dollars (roughly $37 million), with investors including Woolworths Group. Yahoo Life
Warning: foreach() argument must be of type array|object, false given in /home/eswjeffditoro/public_html/wp-content/themes/macrospec-esw-child/single.php on line 29