Recover, a materials science company and producer of sustainable, premium recycled cotton fibre and cotton fibre blends, has closed a new $100 million minority equity capital investment led by the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs).
Recover, a materials science company and producer of sustainable, premium recycled cotton fibre and cotton fibre blends, has closed a new $100 million minority equity capital investment led by the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs).
Goldman Sachs is investing alongside majority shareholder STORY3 Capital Partners.
Recover will use the investment to accelerate its global expansion and production capacity, allowing more rapid adoption of sustainability initiatives by leading brands and retailers. Recover serves some of the largest and most recognisable retailers, brands and vendors in the world, including, among others, Primark, Inditex, C&A, Revolve and Lands’ End.
