All Good Things secures investment to fund growth
All Good Things, the independent retailer that sells pre-loved, fragmented or repaired clothing, has secured a new ££2.5 million equity investment to fund growth.
After completing a Series A funding, the retailer is now planning to open new stores later this year and in 2024.
The investment was provided by Souter Investments, in conjunction with a broad base of experienced retail industry alumni, including Ben Barnett, (former chief executive of TFG London), Helen Williamson (former managing director of Whistles), Charlie Atterton (former chief executive of Jigsaw), John Egan (former chief executive of Dune), and Lee Harlow (former managing director of TFG London).
Over the last 12 months, All Good Things has partnered with over 200 UK and European fashion brands to provide a sustainable, physical home for fragmented stock and pre-loved clothing returned by customers for recycling.
Chaired by Barnett, the company is led by a management team comprising former Jigsaw retail director Karen Fuller, as well as Keith Bristow, the former head of global media networks at BT, and Sonia Chopra, who previously worked as a senior buyer at Brand Alley.
Barnett said: “As the environmental cost of the clothing we love becomes increasingly clear, I believe we all have a duty to play our part. All Good Things represents a positive step towards reducing the footprint of our industry by expanding the lifespan of high-quality garments, in addition to giving ethical, independent womenswear brands a forum in which to retail their clothing and accessories.”
