Our first non-UK share offer

Les Atelieres, a high class corsetry and underwear co-operative in Villeurbanne, Grand Lyon, in the Rhone is at risk of going into liquidation, and the 30 strong workforce, led by Muriel Pernin, have launched an appeal for more funds. The co-operative – a “Societe Co-operative d’Interet Collectif”, which roughly equates to a Co-operative BenCom in the UK, raised €250,000 in 2012, but to continue they need to raise €585,000 from a mixture of shares, bonds and bank loans,

So far none only Crédit Coopératif and the Caisse d’Epargne have supported them. The major commercial Banks have been unwilling to support the venture despite it having orders for 15,000 garments and plans to produce over 35,000 in the next 12 months. These orders come from high class couture houses such as Courreges and Maison Lejaby, and the business was previously part of Lejaby until the co-op took it on in 2012.

The Prefect for the Rhone region, Jean-Francois Carenco is supporting the co-op society and is campaigning for them. As a result the Minister responsible for Economic Development, Arnaud Montebourg has involved the BPI, the Public Investment Bank, and some other banks, persuading them to meet with him at Bercy, near Paris to discuss the co-operative’s needs.

You can buy shares and/or bonds at http://www.lesatelieres.fr/nous-aider/

More details at Liberation

 

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