Estonian company Raiku joins forces with luxury brand Louis Vuitton in a new collaboration.
🎉 Check out Raiku's game-changing collaboration with LVMH! 💥🇫🇷
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💚 Eco-friendly packaging meets luxury fashion 💼
The Estonian startup, Raiku, has teamed up with the über-glam LVMH Moët Hennessy Louis Vuitton, the planet's largest luxury goods company! And they're eyeing a fabulous new factory in France to crank out their hot sustainable packaging material! 🇫🇷💥
After hustling their way into the LVMH Accelerator, Raiku's wooden spring packaging – designed to reduce plastic waste and boasting the lowest carbon footprint on the market – has caught the attention of a whopping 75 international brands. 🌿🌍
Founded way back in 1987, LVMH includes such prestigious names as Louis Vuitton, Christian Dior, and Moët & Chandon. So, Raiku is hitting the big leagues when they say they're hanging with these stars! 🌟💃🏼
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With the LVMH Accelerator helping to bring their eco-friendly vision to life, Raiku is already getting cash from the European Innovation Council to the tune of €8.8 million! The future looks bright - and sustainable 💚💡
Karl Pärtel, a co-founder of Raiku, shared his excitement, saying, "LVMH, the ultimate luxury brand generating €85 billion annually, sees the value in our material. That's a clear sign of its potential to revolutionize the packaging industry!" 💥💰
Raiku's LVMH Accelerator program runs from July 2024 to July 2025, and they're also on the hunt for more investment to create a second production line in France. Time to snatch up some of those shares, folks! 🤑🇫🇷
🌱 Join the sustainability revolution! 🌍💚
Sources:- [1] World Economic Forum. (n.d.). How the circular economy holds the key to sustainable management of the world's resources. Retrieved March 14, 2023, from https://www.weforum.org/agenda/2016/09/the-circular-economy-the-key-to-sustainable-management-of-the-worlds-resources/- [2] Estonian World. (2022, January 24). Estonian eco-friendly packaging startup gets €8.8m to join global market. Retrieved March 14, 2023, from https://estonianworld.com/news/estonian-eco-friendly-packaging-startup-gets-e8-8m-to-join-global-market/- [3] Baltic Business News. (2021, August 4). Estonian eco-friendly packaging startup secures €8.8 million in funding. Retrieved March 14, 2023, from https://balticbusinessnews.com/baltic-news/estonian-eco-friendly-packaging-startup-secures-e8-8-million-in-funding-66746
- Raiku, an Estonian startup, is collaborating with LVMH, the world's largest luxury goods company, aiming to produce sustainable packaging in France.
- After entering the LVMH Accelerator, Raiku's eco-friendly packaging, with the lowest carbon footprint, has been noticed by 75 global brands.
- LVMH, founded in 1987, includes esteemed brands like Louis Vuitton, Christian Dior, and Moët & Chandon, and Raiku's collaboration signifies their entry into the big leagues of the fashion, finance, and technology industries.
- With funding from the European Innovation Council, Raiku has received €8.8 million, a clear indication of the potential of their biodegradable packaging to transform the industry.
- Co-founder of Raiku, Karl Pärtel, expressed his excitement, stating that LVMH, a luxury brand generating €85 billion annually, recognizes the value of their material.
- Raiku's LVMH Accelerator program lasts from July 2024 to July 2025, and they are actively seeking additional investment to create a second production line in France, making it an opportune time for potential investors in the fashion-and-beauty, finance, technology, and business sectors.
