The Spanish handbag brand PARIS/64 has completed a capital increase with GSIF España, the impact fund managed by Global Social Impact Investments (GSI), to drive its next phase of growth and international expansion, with the goal of reaching €30 million in revenue by 2030. The transaction will help consolidate a business model that promotes high-end craftsmanship, creates locally rooted employment, and contributes to revitalizing a region particularly affected by industrial offshoring.
“Our purpose is to bring Spanish high-end craftsmanship to the world and to help position the Aranda region in Aragón as a benchmark in quality handbag manufacturing. Through the project we are developing around our factory in Illueca, we are enhancing craftsmanship, local employment, excellence, and quality, while taking care of the entire value chain,” explains José María Pozas, CEO of the company.
From its factory in Illueca, PARIS/64 helps preserve and promote local artisanal traditions while generating employment in a region historically linked to footwear and leatherwork, which in recent years has been affected by industry transformation and the loss of industrial activity. The company is thus contributing to revitalizing the local productive fabric and creating new opportunities in a traditionally manufacturing-driven environment.
“PARIS/64 is a strong example of the type of companies we support at GSIF España: businesses with growth potential, a solid model, and tangible positive impact in their environment. In this case, also with a highly relevant contribution to employment and the revival of artisanal know-how deeply rooted in the region,” says Daniel Sandoval, Partner at GSIF España.
Following the recent opening of its flagship store in New York and its corners in El Corte Inglés, PARIS/64 will continue expanding both in Spain and internationally. Paris, Tokyo, London, Lisbon, and Seoul are among the planned openings through 2030. In addition to its own retail network, the company plans to further develop its various sales channels, including its online store—where more than 60% of sales already come from outside Spain—and its wholesale channel.
The entry of GSIF España will also strengthen the company’s technology roadmap, improving process control and enabling team expansion across key areas for this new stage.
ABOUT PARIS/64
PARIS/64 was founded in 2019 by María Alfonso and José María Pozas in response to the need for a Made in Spain brand offering timeless, high-quality products, showcasing Spanish high-end craftsmanship and traditional trades.
About Global Social Impact Investments
Global Social Impact Investments SGIIC, SAU (GSI) is a Spanish asset manager specializing in social impact investing. Founded in 2020 and registered with the CNMV, it invests in solid, profitable, and growing companies with the aim of improving the livelihoods of vulnerable populations, while generating attractive returns for investors. GSI currently manages two vehicles: GSIF Africa (SICAV-SIF) and GSIF España (FESE), with over €100 million in assets under management. The firm is part of Santa Comba Gestión S.L., a family office platform combining financial, business, and philanthropic initiatives led by María Ángeles León and Francisco García Paramés.
About GSIF España
GSIF España is a growth private equity impact fund managed by Global Social Impact Investments (GSI). With a fund size of €63 million, it invests in profitable and growing Spanish SMEs that generate positive social impact, particularly in the economic and labor inclusion of vulnerable groups such as people with disabilities, women and youth, migrants, and the long-term unemployed. The fund is backed by institutional investors such as the European Investment Fund (EIF), supported by the European Union through the InvestEU programme, and the Social Impact Fund managed by COFIDES.
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