Scottish accessories brand Strathberry secures £8m investment
Scottish accessories brand Strathberry has secured an £8 million investment from growth capital investor BGF to support its future growth plans.
The new funding will help the family-run business develop new product categories, enhance e-commerce capabilities and aide international growth with new stores, retail partners and e-commerce channels.
The company's two founders, Guy and Leeanne Hundleby, will continue to be actively involved in the business.
Founded in 2013, Strathberry reaches customer in over 70 countries worldwide and has stores in London’s Burlington Arcade, the Kings Road and Covent Garden as well as boutiques in its hometown of Edinburgh.
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. We look forward to helping the team scale their business even further.”
Last week BFG provided a £1.5 million investment to Devon-based sustainable female underwear brand Stripe & Stare that will be used to scale its business.
