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Why Adidas is Investing in This Sustainable Fiber Innovator’s IPO

Sustainability is evolving at a dizzying pace with an increasing number of mandates, goals, expectations and—in some cases—legislation. Attend the Sustainability FAQs workshop to get caught up on the latest on circularity, traceability, net zero and inventory reduction.

Sustainable textile material innovator Spinnova is filing for an initial public offering (IPO), and has attracted Adidas as one of its chief investors in the process. The German athletic giant has agreed contribute 3 million euros ($3.65 million), bringing the total investment Spinnova has secured to date to 58 million euros ($70.6 million). The move…

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