Carmel Clothing, womenswear and teenwear supplier to high street retailers including Arcadia, Next and Primark, is boosting its production capacity and moving into the kidswear and occasionwear markets after receiving a £16m cash injection from investor Investec.
The privately owned company, which employs more than 100 staff across its offices in London, China and Vietnam, plans to purchase the remainder of its London office in Kentish Town, increase its levels of production, and boost staff numbers across all its offices by 10% next year.
As a result it is hoping to bolster turnover from £30m this year to £50m in the next three to five years.
Carmel will begin to supply kidswear following a trial of the category last year.
Finance director Esther Marlow told Drapers: “The funding means we can expand our range. Last year we trialled a kidswear range with one of our customers and it was successful but we didn’t offer it to all of them. Now we have the funding to push it so we’re looking to expand kidswear across all of our customers as well as expanding generally in the product we supply.”