Strathberry secures investment to fund future growth
Scottish accessories brand Strathberry has secured an £8 million investment from growth capital investor BGF to support its future growth plans.
Founded in 2013 by Guy and Leeanne Hundleby, it is known for its luxury handbags and other accessories and has customers in over 70 countries around the world. In recent years, the brand has opened stores in London’s Burlington Arcade, Kings Road and Covent Garden, as well as boutiques in its hometown of Edinburgh.
The funding will be used to help Strathberry develop new product categories, enhance its ecommerce capabilities and grow internationally with its own stores, retail partners and ecommerce channels.
Guy and Leeanne Hundleby 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.”
