Peter Pilotto and Christopher de Vos confirm investment

London fashion week designers Peter Pilotto and partner Christopher de Vos have confirmed the sale of a minority share in their label Peter Pilotto to Megha Mittal and MH Luxe Limited, as known as the investor who acquired Escada in 2009.

"We are excited to be taking this next step with Megha and MH Luxe. We share the same values and vision for the company and we wanted them to be a part of growing our brand," said De Vos on Thursday morning to British Vogue. "We hope to further establish our image as a global brand that is representative of incredible craft and technical innovation and we felt that these were the right people to help us to do this," added Pilotto.

"Their decision to take on investment at this time comes from a desire to continue the growth of the business, concentrating on strengthening their retail and digital presence," said a Pilotto spokesperson. "They also plan to recruit a managing director and make several key strategic hires." The designers, who previously won the BFC/Vogue Fashion Fund award, first launched their label in 2007, which has expanded to count over 200 stores across 50 countries.