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18 Jan 2024

Your Next Luxury Bag Could Be Made From Mushrooms

French luxury group Kering has infused [$12 million](https://wwd.com/sustainability/innovation/kering-ventures-among-investors-pioneering-biotech-company-mogu-1236106003/) into [Mogu](https://mogu.bio/), a biomaterials company specializing in mushroom-derived leather alternatives. This investment underlines the fashion industry's push for sustainability, as evidenced by the following Balenciaga's coat made from this eco-friendly material in 2022.

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