Monica Vinader gets £8 million investment after private equity deal

Monica Vinader, the demi-fine jewellery company, has received an £8 million reinvestment from UK-based consumer brands investor Piper, according to reports.

Monica Vinader

It comes after a majority holding in the brand was recently sold to Bridgepoint Development Capital as the jeweller focuses on growth both in the UK and around the world.

Piper first invested in the business in 2016, since when Monica Vinader has seen strong growth. Sales have quadrupled to get close to £100 million and its direct-to-consumer sales now make up 65% of its total turnover — up from 35%. Meanwhile, US revenues account for 20%+ out of the total, compared to under 5% a few years ago.

Piper said of its reinvestment that it sees plenty of growth opportunities for the label in the UK, US and Asia pacific with the brand having become a leading one in the affordable luxury segment.

After the 15-year-old business — run by Monica Vinader and her sister Gabriela — sold its a majority stake to Bridgepoint, the Vinader sisters retained a minority stake in the firm. And Pinsent Masons, the legal adviser that guided the company through the sale, said the new investment will allow it to turbo-charge its growth.

Copyright © 2023 All rights reserved.

Credit: Source link






Inter Parfums posts record 2022 sales, raises 2023 guidance

Inter Parfums Inc. announced on Tuesday record full-year 2022 net sales and updated its 2023 guidance. The New York-headquartered company said net sales rose to...

Why Tristan Thompson Still Lives With Khloe Kardashian After Their Split

When it rains, it pours...literally for Tristan Thompson. The NBA player had to deal with the unexpected after heavy rain damaged his home....

Dr. Christine King Farris To Lie In State In Georgia’s Capitol Rotunda, Only The 4th Black American To Receive Honor

Dr. Christine King Farris’ will be honored by the state of Georgia in the upcoming weeks. On July 6, her family announced that she will...

Brand Alley buys Surfdome and Country Attire out of administration

Members-only marketplace BrandAlley, the flash sales-focused off-price e-tailer, has acquired “certain assets” of Internet Fusion Group (IFG) in a pre-pack administration deal.IFG had...

Mark Hamill Points Out Space Object Missed By The James Webb Telescope

NASA 's James Webb telescope has been the subject of discussion all over...
en English