Radley seeking financial advisers ahead of expansion

British accessories brand Radley is set to secure financial advisers to help tap new backes for its challenging international expansion plan. Private equity owners Exponent are said to be close to hiring Cavendish Corporate Finance to bring in new investors following Radley's return to the black, after several loss-making years, according to the Telegraph.

The new expansion scheme is set to be revealed to Radley's board members over the next few weeks by its new CEO Justin Stead, who joined the company in April and is said to have initiated the plan. The expansion strategy, which is thought to focus on expanding Radley's presence into new international markets and renewing its affairs in its home market and supply chain, will then be presented to the company's staff in October.

Radley is believed to attract attention from buyers overseas who are interested in tapping into the boom of British branding. Sources speculate whether the label will follow in the footsteps of vintage, shabby chic brand Cath Kidston, who was acquired by Baring Private Equity Asia for 250 million pounds.