Lululemon Takes Minority Stake in Recycling Tech Corporate

Athleisure logo Lululemon has taken a minority stake in Samsara Eco, an Australian corporate that makes use of enzymes to recycle plastics like polyester and nylon into pristine fabrics.

The funding is a part of a multi-year collaboration with the recycling tech corporate as Lululemon seems to bring on its environmental goals, a part of a broader pattern throughout the business as large manufacturers glance to tech start-ups to assistance them reach situation targets.

The 2 corporations will paintings in combination to manufacture pristine recycled nylon and polyester from attire wastage, Lululemon mentioned in a remark.

The firms didn’t divulge the monetary main points of the offer.

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