Ecoalf secured a ‘green loan’.
The loan of seven million euros is provided by the Spanish brand by the fund manager Impact Bridge (IB). The company founded and guided by Javier Goyeneche uses the means to further promote its growth as a global, purpose -oriented brand. Ecoalf is pursuing the goal of actively shaping and leading the change in the fashion industry towards a more committed and more sustainable model.
Ecoalf was founded by Goyeneche in 2012 and has been in the hands of the London investment management company Treïs since 2017. Treïs, formerly Manor Group, holds 65.9 percent of the shares in Ecoalf and specializes in “responsible” investments in various areas; From regenerative agricultural technology to green energy to fashion. Originally, the company’s goal was to promote and support Ecoalf in its next development and growth phase. This goal was successfully confirmed year after year and Ecoalf is now ready to grow again by the additional financing of seven million euros. Thanks to the “Green Credit” formalized with the socially and ecologically oriented investment company IB, these will flow into its accounts.
With this goal, the Ecoalf granted loan shows how “another textile industry is possible,” said Maria Samoilova. She is a former director of investment banking at JP Morgan and current managing partner of IB and manager of the investment fund ‘IB Deuda Impacto España’. Via this investment instrument, the Spanish fund manager awards loans to purpose -oriented companies and projects. It contributes to financing their goals and the next levels of development through financing measures, as the now formalized with Ecoalf.
“This agreement represents much more than just a financing,” emphasized Goyeneche, founder and Chief Executive Officer from EcoAlf and reference minority shareholders within the framework of his share capital. “It is the union of two organizations that believe in a better future and work from their respective areas to build them up.”
A ‘green loan’ for Ecoalf’s new chapter
In addition to its total amount, the loan granted by IB to Ecoalf contains a number of ‘green clauses’. These mean that the overall interest that the fashion company has to bear for this new financial injection fluctuates depending on a number of goals. These goals will be linked to various goals and obligations to be achieved in terms of sustainability, environmental protection or social effects. They are part of a complete ‘roadmap’, which ultimately aims to strengthen the social effects of Ecoalf and the common ambitions of Ecoalf and IB, to accelerate the social effect of Ecoalf and the joint ambitions to accelerate the development towards ‘a more fairer and sustainable economic model’.
As far as the use of funds is concerned, Ecoalf will use the seven million euros according to the Economic Medium expansión for refinancing existing debts and to promote its new growth phase at home and abroad. A new chapter in its development, for which the Spanish fashion company took the first steps with the opening of a new business in Biarritz at the end of last week. This new location enables the fashion company to continue consolidating its presence in inpatient retail and its sales network, which currently consists of more than fourteen own sales outlets and the presence of the company’s collections in more than 1,000 multi-brown sales outlets.
With the same goal and with regard to this new growth phase, which Ecoalf has now opened, after it has completed its last full financial year 2024 with an increase in sales from twenty percent to 58 million euros, the company led by Goyeneche keeps a number of strategic activations on its list. This includes already planned openings in markets such as Japan, where Ecoalf already runs five shops, or the opening of his first franchise shops in Bolzano (Italy) and Antwerp (Belgium). Initiatives whose implementation is promoted by these financial injection with which Ecoalf hopes to reach the short and medium-term growth goals in order to achieve sales of around 150 million euros by 2027.
This article was used with digital tools translated.
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