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Abu Dhabi’s Royal Group buys eco brand Pangaia

Pangaia Abu Dhabi Alamy via Reuters
Royal Group's investment will fuel Pangaia's growth and expand access to eco-friendly clothing made from organic and recycled materials, the company said
  • Company headquarters in UK
  • Eco-friendly clothing
  • Next-generation materials

Abu Dhabi’s Royal Group has acquired a controlling stake in fashion brand Pangaia. No financial details of the transaction were revealed.

Pangaia, which has its headquarters in London, designs eco-friendly clothing made from organic and recycled materials, sold primarily through its website.

It uses next-generation materials for its clothing and accessories, including Mirum, a plant-based, plastic-free leather alternative, and Frutfiber, a cotton replacement. 

Pangaia said in its statement that the investment and “hands-on approach” from the Royal Group will help strengthen the brand’s financial position and develop its growth plans in sustainable fashion.

“The investment from Royal Group marks a significant milestone of celebrating our fifth anniversary,” said Miroslava Duma, one of the founders of Pangaia.

“Their commitment to Pangaia’s mission and expertise in driving sustainable growth make them the perfect strategic partner as Pangaia embarks on its next chapter.”

The Royal Group, led by Sheikh Tahnoon bin Zayed, the UAE’s national security adviser and the brother of the UAE’s president, is a conglomerate with a diverse portfolio of companies across multiple industries, including telecoms and IT, finance, energy, real estate and education.