Chanel has invested in Sulapac, a startup company in Finland that makes sustainable packaging based on a biodegradable, microplastic-free trademarked material made from FSC-certified wood chips and natural binders. According to Sulapac, Chanel is the first investor from the cosmetics industry. The company’s material can be mass-produced with the same equipment as plastic.' “Chanel is definitely one of the forerunners in the luxury segment as they want to invest [in the] latest sustain...