Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

The Idle Man aims for further expansion following £1.4m funding boost

Menswear etailer The Idle Man has secured a further £1.4m in funding and plans to use the money to accelerate its growth.

the idle man

Private equity firm Foresight Group led the funding round, which involved a number of angel investors including Thomas Pink founder Peter Mullen.

Former Asos menswear buyer Oliver Tezcan set up The Idle Man in 2014 and it has since grown at an annual rate of 150%.

The fresh investment has been earmarked to increase marketing activity and expand the 20-person team at its London headquarters.

The men’s clothing market grew by 4.1% year on year in 2015 to reach £14.1bn and now accounts for 25% of the total clothing market, according to research firm Mintel.

Tezcan said: “Men are more interested than ever in fashion. The growth potential is huge for whomever can create a retail experience that meets their needs.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.