Fashion With Conservation - Capri Holdings Partners With National Fish And Wildlife Foundation
Portfolio Pulse from Shivani Kumaresan
Capri Holdings Ltd (NYSE:CPRI) has entered into a 3-year partnership with the National Fish and Wildlife Foundation (NFWF) to advance regenerative agriculture practices. The partnership aims to improve 150,000 acres of U.S. grasslands and generate $3 million in conservation impact through funding from both parties.
June 08, 2023 | 2:16 pm
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Capri Holdings' partnership with NFWF aims to advance regenerative agriculture practices, improving 150,000 acres of U.S. grasslands and generating $3 million in conservation impact.
The partnership between Capri Holdings and NFWF is focused on advancing regenerative agriculture practices and improving U.S. grasslands, which is a key leather-sourcing region within the company's supply chain. This partnership demonstrates Capri Holdings' commitment to sustainability and corporate responsibility. However, the short-term impact on the stock price is neutral as the partnership's benefits will likely be realized over a longer period. CPRI shares are currently trading lower by 2.19% at $38.06.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100