Ecoalf secures ‘green loan' of seven million euros from Impact Bridge to boost growth

Madrid – Spanish fashion label Ecoalf secured a seven million euro "green loan" from Spanish fund manager Impact Bridge (IB). The capital will be used by the company, founded and led by Javier Goyeneche, to further boost its growth as a global 'purpose-driven' brand focused on promoting and leading the fashion industry's shift towards a more committed and sustainable model.
Founded by Goyeneche in 2012, Ecoalf has been in the hands of London-based investment management firm Treïs since 2017. Fomerly known as Manor Group, Treïs, which owns 65.9 percent of Ecoalf, specialises in executing 'responsible' investments in various fields ranging from regenerative agrotechnology to green energy and fashion. Initially, the firm's aim was to boost and support to face Ecoalf's next stage of development and growth. This goal has been successfully validated year after year, and Ecoalf is once again ready to scale, now through the additional financing of seven million euros, which will be injected into its accounts thanks to the "green loan" formalised with socially and environmentally-focused investment firm, IB.
With this objective, the loan granted to Ecoalf will demonstrate how "another textile industry is possible", stated Maria Samoilova, former director of Investment Banking at J.P. Morgan and current managing partner of IB, and manager of its investment fund 'IB Deuda Impacto España'. Through this investment vehicle, the Spanish fund manager grants loans to 'purpose-driven' companies and projects, thus contributing, through financing actions such as the one now formalised with Ecoalf, to financing their objectives and next stages of development. "Ecoalf is not just a sustainable fashion brand," Samoilova noted in a joint statement issued by IB and the fashion label, "it is a platform for change." Changes that "together", she noted, they will work to promote, for the benefit and construction of that other fashion industry, and to the extent that Ecoalf and IB "share a deep purpose, and this alliance seeks to scale that purpose".
"This agreement represents much more than financing," stressed Goyeneche, founder and chief executive officer of Ecoalf, as well as a reference minority shareholder within its share capital. "It is the union of two organisations that believe in a better future and work to build it from their respective fields," argued the founder of the inspiring project that Ecoalf continues to be today. A business venture for which, Goyeneche defended, being able to "count on a partner like IB, who truly understands what impact means, gives us the strength to continue challenging the status quo" that still prevails within the fashion industry. A 'green loan' to boost Ecoalf's new chapter
Beyond its total amount, the loan granted by IB to Ecoalf carries a different series of 'green clauses', which will cause the total interest that the fashion firm will have to face for having this new injection of funds to fluctuate, depending on a different series of objectives. These objectives will be linked to different goals and commitments to be achieved in terms of sustainability, environmental protection, or social impact, as part of a complete 'roadmap' established between the parties, and ultimately aimed at strengthening Ecoalf's social impact, and the shared ambitions between it and IB to contribute, 'in a tangible way', they highlight, to accelerating the move towards 'a fairer and more sustainable economic model'.
As for the destination of the funds, Ecoalf will allocate the seven million euros, according to economic media outlet Expansión, to refinancing existing debt, as well as to boosting its new stage of growth, both nationally and internationally. A new chapter in its development for which the Spanish fashion firm has already taken the first steps, with the opening, at the end of last week, of a new shop in Biarritz. This new point of sale will allow the fashion firm to continue consolidating its presence in the physical medium and its commercial network, currently made up of more than 14 of its own points of sale and the presence of the firm's collections in more than 1,000 multi-brand points of sale.
With the same objective, and facing this new stage of growth that Ecoalf has now opened up to, after closing its last full financial year of 2024 by increasing sales by 20 percent, to 58 million euros, the company led by Goyeneche maintains a different sum of strategic activations on its list, including openings already planned in markets such as Japan, where Ecoalf already has five shops; or the opening of its first franchised shops in Bolzano (Italy) and Antwerp (Belgium). Initiatives whose implementation will thus be driven by this injection of funds, with which Ecoalf hopes to achieve the growth objectives it has set for the short and medium term, with a view to reaching 2027 with sales worth around 150 million euros. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Telegraph

20 minutes ago

• Telegraph

Premier League questions Chelsea over ‘unauthorised ticket seller' co-owned by Todd Boehly

The Premier League has demanded answers from Chelsea over the 'unauthorised' reselling of Premier League tickets by a website co-owned by Todd Boehly. In an open letter, the Chelsea Supporters' Trust requested in March that the English top tier act 'swiftly' in investigating club chairman Boehly's involvement in Vivid Seats. Richard Masters, the league's chief executive, has now confirmed at a Football Supporters' Association event that the competition had written to the club. According to minutes of the recent FSA event, Masters 'confirmed the PL [Premier League] had written to Chelsea to seek clarification on the club's position with the matter ongoing. RM [Masters] advised the PL would reply to CST [Chelsea Supporters' Trust] once the PL had concluded its discussions with the club.' Telegraph Sport first reported in February how Vivid Seats, a US-based online marketplace of which Boehly is both an investor and director, was allowing foreign-based users to buy and sell Premier League tickets for up to tens of thousands of pounds. Boehly has not been accused of any wrongdoing. CST had asked the league to 'act and investigate' the situation which they believe is both a 'breach of trust' and 'a clear conflict of interest'. The trust has also submitted evidence against the American company to the Government's Department for Culture, Media and Sport (DCMS). Chelsea recently pledged to take action on ticket touting but did not name Vivid Seats or other ticket resellers. Vivid does not allow fans based in Britain to buy or sell tickets – the latter of which would be illegal – but its business model does raise the prospect of Chelsea co-owner Boehly profiting from the kind of activity his own club have repeatedly denounced. The CST wrote in its March letter to Masters: 'We have received a significant amount of correspondence from concerned CST members and supporters from the wider Chelsea FC fan base on this issue that cannot be ignored.' Boehly has not commented but Vivid Seats previously said in a statement: 'As a global business, we are always respectful and cognisant of local regulatory policies and procedures that are in place in any market to ensure we are compliant. As such, our policy restricts the sale of EPL tickets from UK sellers. We can confirm that we do not have any UK sellers listing EPL inventory on our marketplace. Additionally, Vivid Seats does not and has never directly marketed or advertised Premier League tickets to UK customers.' Boehly, a director and investor in Vivid, described as an 'unauthorised ticket seller' by the league, also owns a 13 per cent stake in Chelsea.

Daily Mail​

an hour ago

• Daily Mail​

Premier League begin talks with Chelsea over Todd Boehly's controversial ownership of ticket reselling website Vivid Seats

The Premier League have entered into talks with Chelsea amid Todd Boehly 's controversial ownership of the ticket reselling website Vivid Seats. Blues supporters previously called on the footballing authorities to look into the third-party platform which has been panned by critics as tickets can be resold for prices far higher than their face value. Richard Masters, the Premier League's chief executive, has now confirmed during their structured dialogue meeting with the Football Supporters' Association that they have written to Chelsea. It is also mentioned in the minutes from that meeting that Masters will let the Chelsea Supporters' Trust know once he has concluded his conversations with the club. Boehly, who is part of the BlueCo consortium which owns Chelsea, is an investor and director in Vivid Seats. Vivid Seats were previously found to be selling Chelsea tickets at a premium, with the club's home clash with Liverpool listed for up to £20,000. The platform is listed by the Premier League as an 'unauthorised ticket website'. On their website, the Premier League urges fans to 'exercise extreme caution' when dealing with unauthorised ticket websites, including Vivid Seats.

The Sun

2 hours ago

• The Sun

Chelsea asked to explain relationship with controversial ticket website Todd Boehly part-owns after fan fury

CHELSEA have been asked to explain their relationship with ticket resale site Vivid Seats after fan fury towards Todd Boehly. Blues co-owner Boehly is a director and investor in the American firm, which listed some individual Premier League tickets for up to £20,000 last season. 2 2 The Chelsea Supporters' Trust (CST) wrote to Premier League chief executive Richard Masters in March saying they were "dismayed" by the connection. Blues supporters also said Boehly's position felt like a "breach of trust" and a "clear conflict of interest". Vivid Seats, who often sell tickets at inflated rates, is listed on the Premier League website as an unauthorised ticket website. The league has even told fans to "exercise extreme caution" when purchasing from Vivid Seats. Masters met with the Football Supporters Association last month and revealed the Premier League have now contacted Chelsea and that the matter is "ongoing". The minutes from the meeting between the FSA and Masters, which included CST vice-chair Dom Rosso, read: "RM [Masters] confirmed the PL had written to Chelsea to seek clarification on the club's position with the matter ongoing. "RM advised the PL would reply to CST once the PL had concluded its discussions with the club." Chelsea took strong action against ticket touts earlier this season. They told supporters in an email that they had cancelled 1,500 membership accounts where a link to ticket touting had been identified. Chelsea have been contacted for comment.