Luxury brand Strathberry secures £8 million investment from BGF
Scottish accessories brand Strathberry has announced a partnership with growth capital investor, BGF, after securing an £8 million investment to support its future growth plans.
Founded in Edinburgh in 2013 by Guy and Leeanne Hundleby, Strathberry is known for skilfully crafted handbags and accessories. With instantly recognisable designs and exceptional attention to detail, the brand has gained a global following on high streets, catwalks and with key influencers and celebrities alike.
Strathberry has an international outlook and now has customers in over 70 countries worldwide. In recent years, new stores have opened in London’s Burlington Arcade, the Kings Road and Covent Garden as well as boutiques in its hometown of Edinburgh. This has supported Strathberry in becoming one of the UK’s fastest growing contemporary fashion brands.
The funding from BGF will help Strathberry significantly develop into new product categories, enhance its e-commerce capabilities and grow internationally with its own stores, retail partners and e-commerce channels.
This is a new and exciting chapter for the family-run company, which will see founders Guy and Leeanne still deeply involved in every aspect of the business and actively leading Strathberry with the same passion and expertise that inspired them to create the brand in 2013.
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, added: “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.”