Leading UK designer brand Amanda Wakeley announces significant new investment to accelerate development.
Amanda Wakeley, the leading UK designer brand has secured significant financial investment from specialist private equity firm AGC Equity Partners. The investment marks a major milestone following the restructuring of the business by its eponymous founder only three years ago. The funds will be used to develop Amanda Wakeley as a luxury lifestyle brand.
Amanda Wakeley OBE, Founder and Creative Director, said : “We are delighted to have completed the restructuring of the business in such a short time. This investment means that we now have the strongest operational and financial base in the company’s history. I have been continually pressed by our incredibly loyal customers to broaden the core fashion concept into a wider, lifestyle offering and with our new investor, I look forward to realising this plan. This significant step would not have been possible without my wonderful team at AW and I am enduringly grateful to them for their unstinting support, incredibly hard work and good humour. They have proved that with the right attitude, anything is possible.”
Walid Abu-Suud, Co-CEO of AGC Equity Partners said: “We are delighted to be investing in the company at such an exciting point in its evolving history”. Laurent Souviron, Partner of AGC said: “Amanda is ready to take her brand to the next level and we are delighted to provide the capital to fund that new development phase”.
Leading luxury goods expert, Sagra Maceira de Rosen, has acted as an adviser and will continue to advise the Amanda Wakeley board post-transaction. She commented: “Amanda Wakeley is an iconic and stylish UK designer with demonstrable international potential. Her brand has the heritage and momentum to develop into a leading lifestyle brand”.
Notes
Amanda Wakeley launched her signature label in 1990 and over the last two decades has developed an international reputation for designing stylish, luxurious, womenswear and accessories. She is the winner of several awards including three British Fashion Awards for Glamour. The Amanda Wakeley offering currently includes Ready To Wear evening and daywear, knitwear, accessories, a celebrated bridal collection and fine jewellery. The Amanda Wakeley collection is retailed from the flagship store at 175 -177 Fulham Road London, at Harrods London and at Harvey Nichols stores throughout the UK. The brand is also represented in over 50 retailers throughout Europe, America and the Middle East and online, through the brand’s website www.amandawakeley.com and on www.net-a-porter.com. Since 1996, Amanda has co-chaired the committee for the Fashion Targets Breast Cancer Appeal and has helped to raise over £10m to date. Amanda continues to raise awareness and funds for numerous cancer charities. In 2010, she was appointed an OBE for services to fashion.
AGC Equity Partners, launched in 2009, is a global alternative asset investment firm operating from offices in London and the Middle East. It is predominantly focused on private equity strategies. Additional information is available at www.agcequitypartners.com.
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