Piñatex creator Ananas Anam plans expansion
London-based sustainable textile brand Ananas Anam is looking to expand after securing a £250,000 investment that should help it add more staff and further develop its offer.
The Piñatex creator is part of a growing wave of companies introducing textile solutions from sustainable sources -- in this case it’s using the pineapple leaves that are left over after the pineapple harvest. Its vegan leather product has already been used by a selection of big fashion and sports names, including Nike, H&M, Paul Smith and Hugo Boss.
Ananas Anam got the money from the Greater London Investment Fund (GLIF), provided by The FSE Group and backed by the Recovery Loan Scheme (RLS).
CEO Melanie Broyé-Engelkes said the new cash will help the firm continue growing the Piñatex market globally.
And FSE Group investment manager David Booth highlighted that the circular economy is a key area of focus for the fund. He said the “commercial traction” the company has been able to demonstrate to date “is impressive and we are confident that they have a bright future ahead”.
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