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Atterley receives multimillion-pound investment

Etailer Atterley has received a multimillion-pound investment as it looks to boost its global presence.

Global design house and clothing manufacturer PDS Multinational Group has injected an undisclosed sum into Atterley to fuel its expansion. 

Atterley was run as a womenswear etailer before it went into administration at the start of 2016 and was resurrected months later as an online platform selling products from independent retailers across the world. 

The retailer, which has offices in London, Edinburgh, Milan and Singapore, sells products from more than 100 boutiques to customers in more than 80 countries. 

Atterley founder and chairman Mike Welch said: “We have spoken to a wide range of potential funders over the last six months, including private equity firms and industry players, but PDS really stood out in terms of the strategic fit, our vision for the business and the development of an Atterley own brand.”

Kenny Baillie, Atterley chief operating officer, said: “Our number one priority and focus is our family of boutiques. PDS’s backing shows that we’re on a path to scaling the business globally and we’re excited at the prospects for the business and our network of boutiques in the months and years ahead. We will continue to evolve the site with the latest technologies to ensure we have the best platform in the market.” 

Atterley recently launched image search artificial intelligence technology which enables online shoppers to look for items by uploading photos.    

 

 

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