Fashion With Conservation - Capri Holdings Partners With National Fish And Wildlife Foundation

Capri Holdings Ltd CPRI has entered into a new 3-year partnership with the National Fish and Wildlife Foundation (NFWF).

The goal of the partnership is to advance regenerative agriculture practices.

The partnership is expected to boost the adoption of voluntary regenerative management and conservation practices in the U.S., a key leather-sourcing region within the company's supply chain.

The initiative would generate $3 million in on-the-ground conservation impact through $1.5 million in funding from Capri and a matching contribution from NFWF.

The partnership seeks to improve 150,000 acres of U.S. grasslands by working with private landowners and local partners to drive a more sustainable future for the leather industry.

"Our partnership with NFWF represents an extraordinary opportunity to tackle climate change and improve grasslands through a first-of-its-kind partnership between fashion and the nation's largest private conservation fund," said Chairman and CEO John D. Idol.

Price Action: CPRI shares are trading lower by 2.19% at $38.06 on the last check Thursday.