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Velcorex

Convertible Bonds

  • Industry, innovation and infrastructure
  • Responsible consumption and production
Impact category Agriculture & Industries
Degree of maturity
Amount collected : € 1 000 000.00

Presentation

In the 2000's, following the waves of relocations of textile production, the philanthropic entrepreneur Pierre Schmitt decided to buy four Alsatian companies in difficulty, and united them within the Velcorex - Emanuel Lang Group. His project? To save the jobs and local know-how of each of these specialized companies: Velcorex for velvet, Philea Textiles for viscose, Tissage des Chaumes for tweed and Emanuel Lang for natural fibers. This production equipment is complemented by its own sales brand, Matières Françaises. While 90% of linen is produced in France, it is exported to low-cost countries for processing, before being redistributed in France. The Group intends to remedy this ecological aberration by relocating the entire process to the Haut-Rhin region and to include the participation of an ESAT in its production chain. This is a systemic project that also contributes to the fight against fast fashion and its human and environmental abuses. Already a trusted partner of renowned responsible textile companies such as Loom or 1083, the Group will also develop the use of bio-sourced materials, which have a much smaller carbon footprint.

Participate in the systemic reorganization of the textile industry in favor of the ecological transition by investing in Velcorex!

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Created by potrace 1.16, written by Peter Selinger 2001-2019

Reasons to invest

Risks related to the investment

Investment product conditions

Financial product
Minimum ticket
Financial benefit
Legal structure
Duration
Tax exemption
Interests rate
Non-conversion bonus
Repayment method
Payment of interest
Reimbursement of capital
Reimbursement Rank
Conversion parity
Price per share
Capital conversion cases
Governance
Amount collected
€ 1 000 000
Financial product
Bonds convertible into equity

Risks: Investing in young companies presents a significant risk of partial or total loss of the invested amount as well as a risk of illiquidity.