Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Bolongaro Trevor seeks £2m investment

Womenswear brand Bolongaro Trevor is seeking £2m investment in a move to multiply its store portfolio.

The label has appointed financial advisory group DeVere UK to invite a selection of its high-net-worth investors to a presentation on November 25 about the brand. Director David Ramsey told Drapers Bolongaro Trevor, which has six stores, hopes to open 50 stores over the next five years.

“We’re a young company so the funding will be for expansion,” said Ramsey. “It will be growth or development capital as we also want to improve the online business, which has done really well.”

Ramsey explained the funding would also aid store openings and help buy stock.

Bolongaro Trevor has four stores in London, plus one in Leeds and Birmingham, but Ramsey said the list of potential towns and cities to open in was “the length of our arm”.

The brand, which was founded in 2007 by All Saints founders Kait Bolongaro and Stuart Trevor, delivered like-for-like sales growth of 28% in the year to June 30, with sales in the first quarter of its financial year also up 15%. 

Ramsey said the main growth is coming from its retail arm, which turns over around £2m a year. “A lot of wholesale customers have found [the tough economic times] difficult and so we haven’t seen quite as much growth there,” he added.

“Through retail we can manage our growth in a more controlled way and also get better margins.”

The funding will be raised through an Enterprise Investment Scheme (EIS), which offers a range of tax reliefs to investors.

Readers' comments (1)

  • What about those wholesale customers who have orders placed with Bolongaro Trevor for Autumn 13 and Spring 14? Let down yet again?

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.