Jamey Hargreaves, son of the Matalan founder John Hargreaves, has invested in London Fashion Week label Julien Macdonald.
The designer announced the investment would enable him to build a luxury brand around his name at the International Herald Tribune Supreme Luxury Conference held in Moscow today. He did not reveal details of the value of Hargreaves’ investment but new initiatives include building a design team, broadening the product ranges and securing new premises as well as opening stores and franchise shops.
Hargreaves has been appointed chairman of the company. Macdonald will be creative director and the duo have drafted in Chris Spira as chief executive. Spira has 15 years experience building luxury goods brands.
“I am very excited to have found a partner who shares my vision for the Julien Macdonald brand and who is wholly committed to its long-term success,” Macdonald said.
Hargreaves added: “With his unique style, great talent and energy, Julien is uniquely positioned to build a leading British luxury brand to rival the biggest names in fashion. This is the beginning of what will be a long and fruitful journey together.”
Julien Macdonald also designs the Star by Julien Macdonald for the Designers At Debenhams stable.