Coats sees revenue from recycled thread skyrocket amid sustainable fashion focus
"Innovation-led sustainability can not only be good for the planet, but also positive for business.”
FTSE 250 firm Coats, which makes thread and footwear components used in more than one in five pieces of apparel sold worldwide, saw revenue from 100% recycled thread products rise by 144% to US$405 million last year.
The firm is on a clear path to phase out virgin oil-based materials from its products, and used 46% natural or recycled materials in its products in 2024. This increased from 31% in 2022, which Coats says is due to “significant investment in innovation” in response to greater demand for sustainable products from fashion brands.
