Premium etailer My-wardrobe has received a cash injection that will allow the business to “develop its global ambitions.”
The “significant” but undisclosed funding from private investors was finalised by the company today and goes hand in hand with “a change in direction” for the online retailer.
David Worby, chief executive at My-wardrobe, said: “The company continues to enjoy tremendous support from both consumers and brands and I look forward to continuing our plans to connect with a global audience.”
For autumn 13, the site will launch with 75 new brands, including emerging designers, an extended footwear offering with over 24 new footwear designers, and an increased offering of mainline luxury bags.
The news comes following the departure of company co-founder Sarah Curran, who moves on to pursue new ventures.