Connect with us

Fashion

Atterley secures 3 million pounds in funding

Avatar

Published

on

Atterley, the online fashion marketplace for fashion independents, has completed a 3 million pound funding round led by private equity firm Maven Capital Partners.

The investment, which also includes commitments from development agency Scottish Enterprise and existing shareholders, will help Atterley to “execute its planned growth strategy,” with a key focus on developing its footprint in the US.

Existing investors include Sir Terry Leahy, former chief executive of Tesco, Graeme Bissett, former chairman at tyre company Blackcircles.com, and former Vogue editor Alexandra Shulman, who is also an advisor to its board.

Atterley, led by Edinburgh entrepreneur Mike Welch, currently works with more than 250 independent retailers and 3,000 brands and has experienced a year-on-year rise in revenues due to strong repeat sales and entry into new geographic markets.

Atterley founder and chairman Mike Welch said in a statement: “This investment is a game-changer for us and really sets us up for our next big phase of growth. We have always taken a ‘test and learn’ approach to our investments in growth and that has not only kept us in control of our destiny as shareholders but has carried us through some of the most testing times for businesses that we have ever seen.

“I am excited that in partnership with Maven we will be able to accelerate our growth and capitalise on the massive market opportunity.”

Maven partner David Milroy added: “The retail sector is going through unprecedented change creating huge opportunities for online fashion marketplaces and we are delighted to be supporting one of the most exciting, Atterley. We were drawn to the company’s ethos which places its boutique partners front and centre and in doing so it is able to offer consumers a vast range of premium, emerging, and undiscovered labels expertly curated by some of the worlds most talented fashion buyers.

“We are very much looking forward to working with the Atterley team as they work to emulate their success building and exiting one of the UK’s first e-commerce marketplaces, Blackcircles.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

Video: Anne Barge SS22 collection

Avatar

Published

on

By

Video: Anne Barge SS22 collection

In this video, fashion label Anne Barge has presented its SS22
collection at New York Bridal Fashion Week (NYFW).

Watch the video below.

Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace.

Video: VRAI Magazine via YouTube

Photo credit: VRAI Magazine, YouTube

Continue Reading

Fashion

Fila collaborates with Flock Together initiative on capsule

Avatar

Published

on

By

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together

Sportswear label Fila has unveiled a collaboration with birdwatching initiative Flock Together in the form of an apparel and footwear capsule, to be exclusively sold through LN-CC.

In a range of hike-wear gear made for urban exploring, the collection intends to bring people into nature and engage with their community. The selection includes a reinvented version of the Fila Trailblazer hiking shoe and two shearling fleece designs.

The colourways of the line are inspired by the Kingfisher bird, with a scannable near field communication (NFC) tag present in the hiking shoe that takes buyers to a dedicated page outlining the best places in the UK to spot a Kingfisher.

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together

15 percent of all sales of the collection will go towards the Flock Together community fund.

Buying and creative director at LN-CC, Reece Crisp, expressed his enthusiasm over the collaboration in a release, stating: “We’re super excited for LN-CC to be part of this project.

“Flock Together encompasses everything that’s great about community and wellness, two driving forces that are integral to LN-CC too.

“Flock Together’s growth has been both a reaction to, and antidote from, a difficult eighteen months by bringing people together and encouraging outdoor consciousness, so we are honoured to share our platform in amplifying its much-needed positivity while working with Fila in creating this tribute to the Kingfisher.”

Flock Together, founded back in the 2020 covid-19 lockdowns, brings BIPOC together to engage in birdwatching and other nature-oriented activities.

It has previously partnered on an event with Timberland, hosting a range of spoken word presentations at the nature reserve, Woodbury Wetlands. Sponsored by the apparel label, the event aimed to promote the voices in its growing community adjacent to guiding guests through the nature reserve.

Image: Fila x LN-CC x Flock Together
Image: Fila x LN-CC x Flock Together
Continue Reading

Fashion

Video: Jenny Yoo SS22 collection

Avatar

Published

on

By

Video: Jenny Yoo SS22 collection

In this video, fashion label Jenny Yoo has presented its SS22 collection
at New York Bridal Fashion Week (NYFW).

Watch the video below.

Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace.

Video: Jenny Yoo via YouTube

Photo credit: Jenny Yoo, YouTube

Continue Reading

Trending

Copyright © 2021 GangMag.com