# HUGO BOSS and LYCRA Company invest in HeiQ AeoniQ sustainable yarn

HUGO BOSS invested $5 million in HeiQ AeoniQ LLC, with an additional $4 million subject to milestones, and The LYCRA Company made a significant undisclosed investment to become exclusive distributor of HeiQ AeoniQ cellulosic yarn for textile applications.

- Type: Investment
- Announced: 2022-02-14
- Value: $9.00M
- Status: announced
- Products: HeiQ AeoniQ cellulosic yarn
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [The LYCRA Company](https://endata.com/companies/37024.md) (partner)
- [HeiQ Plc](https://endata.com/companies/55818.md) (investor)
- [HUGO BOSS](https://endata.com/companies/61019.md) (investor)
- [HeiQ AeoniQ LLC](https://endata.com/companies/61020.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/heiq-aeoniq-das-bahnbrechende-dekarbonisierende-garn-wird-von-hugo-boss-und-the-lycra-company-gefordert--854908334.html), 2022-02-14: "HUGO BOSS setzte sich an die Spitze des Rennens um die Einführung von HeiQ AeoniQ-Garnen und investierte 5 Mio. USD in die HeiQ AeoniQ LLC sowie weitere 4 Mio. USD"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.