Bananatex, a Switzerland-based developer of waterproof fabric using abaca plants, and Spanish luxury fashion line Balenciaga have partnered to launch bio-based sneakers using Bananatex's canvas fabric.
The partnership will see Balenciaga’s Triple S sneakers available as a bio-based product, available to customers at Balenciaga’s online and physical stores in black and beige colorways.
Analyst QuickTake: Bananatex’s entry into luxury fashion with Balenciaga adds to a partnership with H&M, which saw a footwear line launched in April 2021 . The company partnered with bio-based leather producer Ananas Anam in February 2022 to promote bio-based fibers.
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