Recover™ is expanding to meet the surging demand from the global fashion industry.
The company is renowned as a leading material sciences company and producer of sustainable, premium recycled cotton fiber and cotton fiber blends, through a strategic partnership with STORY3 Capital.
STORY3 Capital brings significant investment, resources, and best-in-class operators to achieve Recover’s growth initiatives.
The fashion industry’s adverse environmental impact is staggering, and the industry is lagging behind its climate action commitments and Sustainable Development Goals (SDGs).
Cotton is one of the most damaging crops grown on earth, requiring large amounts of water, pesticides, and land. As an example, one t-shirt requires 2,700 liters of water, equivalent to what an average person drinks in three years.
STORY3 Capital is a leading alternative investment manager with deep experience in creating value within the consumer sector. Paramount to its investment lens focuses on companies at the nexus of consumer, commerce, and content, where STORY3 believes its capital, skillset, and relationships can substantially impact value creation and investment returns.
Alfredo Ferre, CEO of Recover, said, “My family has been innovating for generations to perfect the Recover process, which is primed to be the fashion industry’s biggest resource in meeting its sustainability goals. We are proud to offer potential partners the highest quality and lowest-impact fiber available in today’s market, and we look forward to increasing our sustainability footprint thanks to our partnership with STORY3 Capital.”
