The Royal Group of Abu Dhabi has taken up the majority of the fashion label Pangaia. The transaction’s financial information was kept secret. Pangaia, a London-based company, creates eco-friendly apparel from recycled and organic materials and sells it mostly online. Its apparel and accessories are made from next-generation materials, such as Frutfiber, a cotton substitute, and Mirum, a plant-based, plastic-free leather alternative.
The Royal Group is a conglomerate with a varied portfolio of businesses in a number of areas, including telecoms and IT, finance, energy, real estate, and education. It is headed by Sheikh Tahnoon bin Zayed, the national security adviser for the United Arab Emirates and the president’s brother.
The acquisition represents a strategic collaboration between a brand at the forefront of sustainable fashion innovation and a new Middle Eastern investing powerhouse, going beyond the traditional private equity deal.Given Abu Dhabi’s unique economic environment, strategic cooperation becomes even more important. Significant financial incentives for foreign investment are offered by the region’s favorable regulatory structure, which includes no income or corporate taxes.
The deal is expected to strengthen Pangaia’s position in the global market, providing the brand with access to additional resources and networks to accelerate its growth and material innovation. For the Royal Group, this acquisition aligns with its vision of investing in sustainable and high-impact industries, reflecting its commitment to global sustainability goals.
The partnership sets the stage for Pangaia to expand its influence across new markets, particularly in the Middle East.