Liam Gallagher’s fashion label Pretty Green has hired Barclays Corporate to deal with a number of its banking matters, it was revealed today.
With Pretty Green, founded by the Beady Eye and former Oasis front man, now selling products all around the world (in over 80 territories globally), the retailer needed to release extra capital to further expand and consolidate its business.
An issue other financial service providers were unable to acquiesce to was to allow the retailer to set up a finance facility which did not require a director’s guarantee, but this did not prove to be a stumbling block for Barclays.
Little by little the British fashion brand, which specialises in finely tailored mod-style clothing, has expanded its store portfolio to 150 wholesale outlets across the UK and has four prime location own-stores in Manchester, Glasgow and London.
Richard Ralph, CEO at Pretty Green, comments: “Due to the difficult economic conditions many of the banks we met were unable to extend us the facilities we required.
“But Barclays Corporate’s experience in the retail and wholesale sector coupled with their understanding of how to support and advise an early stage growth company has enabled them to offer us the services we require.”
Whatever the larger economic uncertainties surrounding the retail market, Pretty Green seems determined to continue its aim of establishing itself as a major UK fashion label.
Launched in 2009, some might say the brand has had a meteoric rise in the world of fashion, winning a clutch of awards, and Ralph wants to see that progress continue.
He added: “The progress of the brand since launch has been excellent and as we continue to grow the company both in the UK and internationally it’s really important for us to have the right banking partner to support us.”