New fashion accelerator likes “lab-grown leather”
25/05/2017
Ms Duma said at the 2017 Business of Luxury Summit, organised in Lisbon in mid-May by the Financial Times, that it is “inevitable” that the luxury industry will become “100% renewable”. She told the audience of business leaders: “We are at the forefront of the fourth industrial revolution and everything is changing. Even five years ago, it was quite a different life that we were living. The process of running the [luxury] industry on 100% renewable and alternative energy and resources is inevitable. It will happen no matter what. This is just the way the world is going.”
One of the ideas that she mentioned as being of interest to FTL Ventures is “a hidden laboratory in San Francisco” that is “growing leather of the highest quality you can imagine” from stem cells in a laboratory environment.
Of course, “growing” leather in laboratories is likely to increase rather than alleviate the problem of waste because leather consumes a waste by-product that the meat industry will continue to produce whether tanners buy hides or not.
FTL Ventures has an initial fund of $50 million to invest in these and other ideas.
Image courtesy of the 2017 Business of Luxury Summit.
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