Scottish accessories brand Strathberry has secured an £8 million investment from BGF to support its future growth plans.
Founded in 2013 by Guy and Leeanne Hundleby, the brand is known for its handbags and accessories.
Strathberry now has customers in more than 70 countries, with recently-opened stores in London’s Burlington Arcade, the Kings Road and Covent Garden, as well as boutiques in its hometown of Edinburgh.
The funding from growth investor BGF should help the business develop into new product categories, enhance its e-commerce capabilities and grow internationally with its own stores, retail partners and e-commerce channels.
Guy and Leeanne Hundleby, co-founders of Strathberry, said: “Right from the start, BGF has shown a real desire to support our growth plans and invest in the business to accelerate what has been built to date.
“The whole team is incredibly excited about the future opportunity and we look forward to working in partnership with the BGF team.”
Euan Baxter, investor at BGF, said: “We are particularly attracted to the authenticity of the brand and the loyal following that Strathberry has built.
“It’s clear that through amazing product and customer service, Strathberry has a deep relationship with its customers and is primed for widespread growth both domestically and internationally.”
Strathberry specialises in luxury leather goods, and can count the Duchess of Cambridge, the Duchess of Sussex, Lady Gaga, Rita Ora and Kate Hudson as customers.
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