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Aspinal of London set to sell stake to back international expansion

By Vivian Hendriksz

29 Mar 2016

Business

British luxury accessories label Aspinal of London has brought on a team of advisors from accountancy firm PricewaterhouseCoopers to help find new investors to back its international expansion plan.

The luxury label, best known for its leather handbags, is said to be looking for an investor to acquire a stake in the business to accelerate its plan for international expansion, according to the Daily Mail. A potential deal is likely to value the 15 year old luxury brand at 75 million pounds, according to industry analysts.

News of the expansion comes not long after Aspinal of London received a 9.75 million pound investment from Santander Corporate and Commercial to fund its store and concession stand programme. The luxury label current counts numerous concession stand in department stores such as Selfridges, Harrods and House of Fraser across the UK.

Aspinal of London also owns seven stores in London as well as one in Bluewater shopping centre in Kent and three overseas franchised stores.