Me+Em raises £55m for international expansion
Me+Em, the fast growing luxury fashion brand, has raised £55 million from investors led by Highland Europe as as it looks to accelerate expansion in the US.
This will be followed by expansion in continental Europe, Australia and the Middle East.
Founded in the UK by former advertising executive Clare Hornby, Me+Em has enjoyed triple digit revenue growth over the past year. All of its lines are designed around Me+Em’s “intelligent style” ethos, which means garments must must flatter and fit, be functional and have a timeless style.
Hornby said: “Having seen soaring demand for our clothes in the US and other key international markets, we know that there is a global appetite for the cut, quality, and style that we have created. As a digital first, data-driven business we are seeing a huge opportunity ahead of us and with Highland Europe’s expertise in this area, we can use technology to delight and serve our customers across the world even more effectively.”
Demand from US shoppers has created an opportunity to open new stores in New York and Boston. Me+Em will also be accelerating expansion in Australia, the Middle East, Canada, Switzerland, and Hong Kong, where it also has a fast-growing customer base.
Sam Brooks, partner at Highland Europe, said: “Me+Em’s relentless focus on quality, fit and sustainability has inspired an incredibly loyal customer base and has generated impressive growth over the past several years. In addition to the success in the UK we are impressed by the strong demand coming from international customers, a testament to the brand’s global relevance and appeal. Clare is a fantastic leader and we are thrilled to partner with her and the Me+Em team.”
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