Why major brands like Adidas, LVMH are backing sustainable textile startups

Spinnova, a Finnish sustainable textile fibre business, has listed on the Nasdaq Helsinki First North Growth Market after raising more than €100 million in an initial public offering, including €3 million from Adidas.  Launched in 2014, Spinnova makes textile fibre out of raw materials, such as wood and textile, leather and food waste, in a process that doesn’t use any harmful chemicals or produce any waste or side streams.  H&M invested €22 million in the company earlier t

This content is for IR Pro subscribers only.

Subscribe now to unlock an all-access pass.

IR Pro - monthly

$6 for the first 30 days. (Auto renews at $30 per month)
  • Unlimited news access
  • Exclusive members only masterclasses (live and on-demand)
  • Weekly careers advice
  • Weekly and quarterly digital magazines delivered to your inbox
Subscribe now
Retailer’s choice

IR Pro - annual

$336 per year. (Auto renews annually.)
  • Unlimited news access
  • Exclusive members only masterclasses (live and on-demand)
  • Weekly careers advice
  • Weekly and quarterly digital magazines delivered to your inbox
Subscribe now