Wednesday, November 22, 2017

Aspinal of London looks for investor backing

44

Luxury handbag and accessory brand Aspinal of London has appointed an accountancy firm to find investors to back its international expansion plans.

Finance giant PricewaterhouseCoopers will assist the retailer in selling a stake of the company to enhance its financial progression and physical presence.

Analysts have suggested that a deal is likely to value Aspinal at around £75m.  

Originating in 2001, entrepreneur Iain Burton set up the British brand with the hope of reviving English leather goods. Aspinal, which initially sold wallets, diaries and writing journals to museum gift shops, now has its own standalone stores and a flagship in Mayfair.

Aspinal is also stocked in department stores such as Selfridges, Harrods and House of Fraser.