Madrid, March 26, 2026. COFIDES is supporting the international growth of PARÍS/64 with a €250k loan, enabling the company to make the necessary investments to open its first standalone store in New York, including the costs associated with outfitting and preparing the location.
The financing, provided through the Fund for SME Foreign Investment Operations (FONPYME), allows the company to take a decisive step in its international expansion strategy, consolidating its presence in a key market like the United States.
PARÍS/64 has developed an integrated local production model that combines tradition, inclusive employment, and territorial impact. In 2024, the company opened its own factory in the Aranda region of Zaragoza, primarily employing women and helping revitalize an area affected by deindustrialization and population decline. Through this initiative, PARÍS/64 aims to strengthen artisanal bagmaking while collaborating with local workshops and small businesses.
Miguel Ángel Ladero, COFIDES’ Chief Investment Officer, emphasized that “the internationalization of SMEs that combine quality, design, and a strong commitment to employment is essential for our economy’s competitiveness. With this operation, we are supporting a project that promotes Spanish talent while incorporating a clear social impact component into its business model.”
ABOUT PARÍS/64
Founded in Zaragoza in 2019, PARÍS/64 is positioned in the high craftsmanship and “quiet luxury” segment, offering products that combine design, artisanal production, and accessible pricing. Its portfolio includes handbags, clothing, footwear, and accessories. The company employs 74 people and has a strong retail and online presence in Spain.
ABOUT COFIDES
COFIDES is a state-owned trading company that manages financial funds from the Spanish State, as well as its own resources and those of third-party institutions with various objectives: the internationalization of the Spanish economy, the attraction of foreign investment into strategic sectors in Spain, the promotion of the impact economy in Spain, and the contribution to the development of the countries in which it invests. In addition to the State, which holds a majority position, other shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America.
