Paris / Villejuif, May 23, 2022
ROCHE BOBOIS SA (ISIN: FR0013344173 – Mnemonic: RBO), a benchmark player in high-end furniture, has set up impact financing of €30 million with LCL, its benchmark bank.
This operation
enables ROCHE BOBOIS to align its financial strategy with its commitments in terms of sustainable development
. Three key ambitions have thus been integrated for the Roche Bobois brand by 2026:
The eco-design of 100% of its new products,
A 100% supply of sustainable wood (recycled or FSC or PEFC certified),
A commitment to a -25% reduction trajectory in the intensity of greenhouse gas emissions from all its stores, warehouses and administrative offices.
With this loan, Roche Bobois intends to refinance €10 million of existing loans with LCL and finance €20 million of its investment needs for the next 5 years.
This initiative is part of the CSR policy of the ROCHE BOBOIS Group, an approach initiated in 2019
and articulated around 3 main axes:
Consolidate the Group’s position as an international reference in the production and distribution of environmentally friendly furnishing products,
Invest in a lasting and responsible relationship with employees,
Combine family and sustainable vision of the company with balanced relationships with partners and constant quest for innovation.
With the support of its Sustainable Finance team dedicated to its mid-cap clients, LCL, the bank of one in two ETIs, is delighted to have been able to advise and support ROCHE BOBOIS in this committed approach to sustainable finance.
About ROCHE BOBOIS SA
ROCHE BOBOIS SA is a French family business founded in 1960. The Group is present in 55 countries with a network of 338 stores (as of December 31, 2021), owned and franchised, through its two brands: Roche Bobois, brand of high-end furnishings, with a strong international dimension and Leather Center, positioned in a mid-range segment with an essentially French footprint. With its Roche Bobois brand, the Group embodies the
French Art of Living
that he shines around the world, with original and daring creations made by talented designers (Bruno Moinard, Jean Nouvel, Ora Ito, Sacha Lakic, Christophe Delcourt, Stephen Burks, Kenzo Takada or even Bina Baitel… ), and partnerships with the world of fashion and haute couture. Roche Bobois is also a committed partner in the world of culture and the arts. In 2021, the volume of business achieved by the two brands, including franchisees, amounted to €639.5 million excluding tax, including €532.4 million excluding tax for Roche Bobois and €107.1 million excluding tax for Cuir Center .
The consolidated turnover of Roche Bobois SA in 2021 amounted to €334 million.
More information on
www.finance-roche-bobois.com
CONTACT
Finance News – Anne-Pauline Petureaux
Investor Relations
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Press relations
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About LCL
A subsidiary of Crédit Agricole SA, LCL urban bank is one of the largest retail banks in France. LCL has made customer satisfaction its absolute priority and aims to be the No. 1 bank in terms of satisfaction by the end of 2022. Combining human and digital technology, LCL offers its 6 million individual customers, including 216,000 banking customers private sector, 380,000 professionals and 29,900 companies and institutions, a strong omnichannel relationship with its 1,500 branches in the heart of cities, its remote customer relations centers “LCL Mon Contact” with 400 advisers available by telephone, its sites and apps including “LCL My Accounts” which is popular with its customers. With a full range of banking/insurance and non-banking solutions, LCL advises its customers on a daily basis and in all their life projects. True to its urban banking strategy, LCL is mobilizing and also supporting customers who want to take concrete action and participate in the fight against climate change.
LCL Banque des Entreprises et des Institutionnels has 71 offices and deploys two major businesses: commercial banking and corporate finance. LCL Banque des Entreprises is regularly ranked number 1 bank for Mid-Cap LBO financing.
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LCL Press Contacts
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