Designer clothing and footwear online retailer, Designerwear International [www.designerwear.co.uk] is set to transform its fashion business having secured a game-changing six-figure investment from the North West Business Growth Loan, managed by River Capital.
This substantial funding will empower the pioneering Lancashire company to facilitate its rapid expansion and forge further significant partnerships with leading designer brands.
Designerwear has proven itself as a force in the industry and since its establishment in 2015, has developed sound digital infrastructure, grown to a team of ten and now operates from a 16,000sqft warehouse. Since adapting a new marketing strategy in 2022 it has achieved a meteoric 90% growth period and now, with this significant new investment capital secured, the possibilities are endless.
Under the leadership of budding entrepreneur Ben Wallington, Designerwear has skyrocketed from humble eBay beginnings to become a force in the industry, underpinned by the Covid-19 lockdown where they attracted thousands of new customers, providing a solid platform for further growth.
This latest cash injection will enable Ben’s team to boost sales revenue, improve supplier terms, increase margins and create up to 5 new jobs.
Designerwear.co.uk MD Ben Wallington said:
The funding provided by Jim and the River Capital team will enable us to move to the next level with our expansion plans and to grow our customer base, revenue and brand portfolio in the mens and womens premium online space.
River Capital Investment Manager Jim Moore said:
“The future looks phenomenally bright for Designerwear International. With the financial fuel to match their limitless ambition, there’s no telling what the business could achieve.
When the fund was established, it was done so to create and safeguard jobs within the North West and Ben’s plans to create up to five indicates their commitment to doing just that. We now look forward to following the next part of their journey and offering support along the way.