Tapestry increases its stake in Gen Phoenix investment as it looks to build out its Coachtopia sub-brand

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Tapestry Inc. (NYSE:TPR) will invest $15 million more in eco-leather producer Gen Phoenix as part of an effort to make more sustainable leather goods. Tapestrys (NYSE:TPR) stake in Gen Phoenix is now 9.9%.

The investment was accompanied by a three-year

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