Womenswear brand Goat has received investment from private equity vehicle Amery Capital, with the label set to reveal that profits have doubled over the last year.
A stake of Goat has been sold to Amery Capital, which was founded by former M&S executive Maurice Helfgott and also has investments in womenswear chain Long Tall Sally and footwear brand Oliver Sweeney.
It has not been disclosed how much was paid for the shares but it has been reported Amery has bought a “significant” minority interest.
Additionally, documents set to be filed at Companies House are expected to show that in the year to the end of March 2013 profits at the brand rose by 100% from £90,000 to £180,000. Sales also grew by 46% rising from £880,000 the year before to £1.3m.
Creative director Jane Lewis said she is “thrilled” about the direction the brand is going in. “Business is great and the future is bright, I am truly delighted with the recent results and we have exciting plans for the brand,” said Lewis.
During the last year Goat launched its e-commerce and was also chosen for The Walpole: Brands of Tomorrow 2013, a mentoring and coaching programme.