KERING : PLUG AND PLAY, AND FASHION FOR GOOD SEE FIRST EDITION OF START-UPS GRADUATE FROM ACCELERATOR PROGRAMME AND UNVEIL SECOND BATCH
July 26, 2017 at 03:55 am
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The Plug and Play-Fashion for Good Accelerator announced the graduation of its inaugural batch of start-ups and unveiled the innovators that will join the programme's second edition. A collaboration between Fashion for Good (with C&A Foundation as founding partner), Plug and Play and corporate partners Kering, Galeries Lafayette Group and C&A, the Accelerator identifies innovative start-ups in sustainable fashion and supports them in scaling-up their technologies, methodologies and business models. As such, the partners aim to stimulate disruptive innovation, transform conventional production processes and thus enable the widespread adoption of sustainable and circular practices across the textile industry.
Over the past twelve weeks, the inaugural batch of start-ups was housed at Fashion for Good's hub in Amsterdam, where they followed a robust curriculum including mentorship and training by Kering and C&A senior management, deal flow sessions with potential strategic partners and links to investors. Through this holistic programme, the Accelerator aims to ensure that the innovators' solutions are market-ready. In addition, select start-ups are eligible to receive between $25,000 to $75,000 in funding to support the scale-up of their sustainable innovations. Marking their graduation, the first batch of start-ups presented their developed business models to an audience of investors and corporate partners at a Demo Day event held in Amsterdam last week.
Following this successful inaugural edition, a second batch of start-ups will join the Plug and Play-Fashion for Good Accelerator in September. From over 200 applicants and a shortlist of nineteen, ten start-ups from around the world - representing varied fields and backgrounds - have been awarded a place in the Accelerator: Carcel, Circular Systems, Colorifix, Ecofoot, Eon ID, LiteHide™ by LeatherTeq, Nature Coatings, Norman Hangers, Spindye, and A Transparent Company. The Accelerator's partners will work with these start-ups to improve the textile industry's approach to water use, energy use, waste, chemical use and labour practices, for this, the Accelerator's second twelve-week programme.
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Kering SA published this content on 26 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 July 2017 07:55:01 UTC.
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A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté.
By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. It captures these beliefs in its signature: Empowering Imagination.
In 2023, Kering had 48,964 employees and restated revenue of EUR 19.6 billion.
At the end of 2023, the Group had a network of 1,771 stores under its own management, located primarily in Western Europe (367), North America (316), Japan (238), and in emerging countries (698).
Net sales are distributed geographically as follows: Western Europe (27.6%), Japan (7.2%), Asia/Pacific (35%), North America (23%) and other (7.2%).