Designer Hussein Chalayan has sold a 20% stake of his brand to investment platform Centricus.
The investment is Centricus’ first in the fashion industry. It has launched a fourth investment arm – fashion, entertainment, media and sports – to sit alongside existing portfolios in financial services, technology and infrastructure.
Centricus said it will support Chalayan’s expansion, and there will be a particular focus on entering the Chinese market and harnessing technology to drive sales growth.
Centricus co-founder Dalinc Ariburnu said: “With Centricus’ backing, Chalayan will have access to the management expertise and capital strength to support its geographic expansion and technological development.”
Hussein Chalayan added: “The Centricus team have an out-of-the-box approach very much aligned with Chalayan brand values.”
Chalayan, a British/Turkish Cypriot designer, has twice been named Designer of the Year at the British Fashion Awards – in 1999 and 2000 – and was awarded an MBE in 2006.